Reliance Jio IPO overall subscription status: Touted as the mother of all initial public offerings (IPOs), the Jio Platforms IPO broke multiple records during its subscription period. Backed by Mukesh Ambani-led Reliance Industries Limited (RIL), the issue not only became India’s biggest-ever IPO but also achieved full subscription within just 100 minutes of opening. It also attracted the highest-ever IPO bids in India.
Jio Platforms IPO’s grey market premium (GMP) stood at ₹253, according to media reports. Considering its upper price band of ₹1119 per share, its listing is expected at ₹1372 per share (which is the sum of upper price band and latest IPO GMP). Jio Platforms’ grey market premium hinted at 22.61% listing gain.
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