Jio IPO Today: Grey Market Hints At ₹1,365 Debut, Anchor Book Opens Today
Photo: Coinpedia
Jio Platforms’ initial public offering is drawing strong unofficial demand, with grey market premium (GMP) trends pointing to a listing gain of about 22%. At the upper price band of ₹1,119, that implies a debut near ₹1,365 per share. The ₹30,200 crore issue, the largest IPO in Indian history, carries a price band of ₹1,065 to ₹1,119. Bids must be placed in lots of 12 shares, so the minimum retail investment at the top of the band works out to ₹13,428. The anchor book opens on October 19, and subscription closes on October 23.
Source: Coinpedia
