Jio IPO Day 2: GMP at 22%, issue subscribed over 3.16; check brokerage views and key details
60-Word AI Digest
Jio Platforms’ Rs 30,213 crore IPO entered Day 2 with a grey market premium of around 22%. The issue, priced at Rs 1,065–1,119 per share, closes on October 23. At the upper end, Jio is valued at around Rs 10.3 lakh crore, with brokerages citing its telecom dominance, improving profitability and growth prospects in broadband and AI.
Key Takeaways
- Jio Platforms’ Rs 30,213 crore IPO entered Day 2 with a grey market premium of around 22%.
- The issue, priced at Rs 1,065–1,119 per share, closes on October 23.
- At the upper end, Jio is valued at around Rs 10.3 lakh crore, with brokerages citing its telecom dominance, improving profitability and growth prospects in broadband and AI.
Jio Platforms’ Rs 30,213 crore IPO entered Day 2 with a grey market premium of around 22%. The issue, priced at Rs 1,065–1,119 per share, closes on October 23. At the upper end, Jio is valued at around Rs 10.3 lakh crore, with brokerages citing its telecom dominance, improving profitability and growth prospects in broadband and AI.
Original Publisher Attribution
This summary was curated from Economic Times.