Following the finalisation of the allotment for Jio Platforms’ IPO, investors are now eyeing potential listing gains ahead of the stock’s market debut on Wednesday, October 28.
Based on the prevailing grey market premium (GMP) of ₹250 per share, Small Non-Institutional Investors (NIIs) allotted the minimum application of 180 shares could potentially earn an estimated gain of ₹45,000, while Big NIIs allotted 900 shares could see gains of around ₹2.25 lakh.
However, these are indicative estimates, and actual listing gains will depend on the stock’s listing price.
Non-institutional investors who receive an allotment of one lot could see their investment generate a potential gain of over 23% on listing day, based on the current grey market premium (GMP). Jio Platforms’ GMP stood at ₹260 per share on Monday, according to the latest available data.
For the Non-Institutional Investor (NII) category in the Jio Platforms IPO, application details are divided into Small NII (sNII) and Big NII (bNII).