Reliance Jio IPO GMP Today: Two days after the announcement of Jio Platforms’ initial public offering (IPO) upper price band, its grey market premium is showcasing strong investors demand. The IPO of Reliance Industries Limited (RIL)’s digital services arm is set to open for subscription next week.
Amid buzz around Reliance Jio IPO, here are all the details about its IPO latest GMP today, key dates, price band, etc.
Jio Platforms’ IPO latest GMP today stood at ₹222 per share, according to media reports at 11 am on Friday, October 16.
Its latest grey market premium indicates Reliance Jio IPO listing at around ₹1341 per share (sum of upper price band and latest GMP). It indicates 19.84% estimated listing gain for the Jio IPO.
Reliance Jio IPO has fixed issue price band at ₹1,065 to ₹1,119 per share. The IPO has fixed the lot size for an application of around 12 shares. Retail investors are required to invest ₹13,428 (to purchase a single lot of 12 shares).