Reliance Jio IPO GMP today: The much-anticipated Jio Platforms IPO is set to open for subscription on Wednesday, 21 October. The Mukesh Ambani-led company is planning to raise ₹30,213 crore through the public issue.
The Jio Platforms IPO will remain for bidding till Friday, 23 October, with shares likely to be listed on Wednesday, 28 October, on both BSE and NSE.
Jio Platforms IPO GMP today
Jio Platforms IPO is commanding a strong premium in the grey market ahead of opening for subscription, according to market observers. The GMP of Jio Platforms IPO stood at ₹253, as per Investorgain.
Jio Platforms IPO listing share price prediction
According to GMP trends, the estimated listing price of Jio Platforms IPO is likely to be ₹1372, which is 22.61% higher than the IPO price band of ₹1119.
Jio Platforms IPO details
Jio Platforms IPO is entirely a fresh issue of 27 crore shares, amounting to ₹30,213 crore. The shares have a face value of ₹10 each, while the IPO price band has been set at ₹1,065– ₹1,119 per share. Retail investors can apply for a minimum of one lot, comprising 12 shares, requiring an investment of at least ₹13,428 at the upper end of the price band.
The Jio Platforms IPO will open for subscription on Wednesday, October 21, and close on Friday, October 23. The share allotment is expected to be finalised on October 26, while the company’s shares are scheduled to list on the NSE and BSE on October 28.
The IPO is set to surpass Hyundai Motor India’s ₹27,800-crore public issue, which took place in October 2024, becoming India’s largest IPO by issue size. Backed by Reliance Industries, the telecom and digital services major plans to issue 27 crore new shares, representing approximately 2.93% of its post-issue equity capital. The offering comes weeks after the National Stock Exchange’s listing.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
