📰 ET Markets 🟢 BULLISH 🕒 23 Oct 2026, 10:06 AM IST

Jio IPO Day 3: GMP at 22%, issue subscribed over 5X; check brokerage views and key details

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Core Development: Jio IPO Day 3: GMP at 22%, issue subscribed over 5X; check brokerage views and key details

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Market & Financial Impact: Jio Platforms’ ₹30,213 crore IPO entered its final day of bidding on October 23, with a grey market premium of around 22%, indicating positive listing sentiment. The issue was subscribed 5.57 times by the end of Day 2, while the retail portion was subscribed 1.54 times. Priced at ₹1,065–1,119 per share, the IPO values Jio at around ₹10.3 lakh crore at the upper end. Brokerages remain optimistic, citing its telecom leadership, improving profitability and growth opportunities in broadband and AI.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

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Jio IPO Day 3: GMP at 22%, issue subscribed over 5X; check brokerage views and key details

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