Jio IPO Day 3: GMP at 22%, issue subscribed over 5X; check brokerage views and key details
Jio Platforms’ ₹30,213 crore IPO entered its final day of bidding on October 23, with a grey market premium of around 22%, indicating positive listing sentiment. The issue was subscribed 5.57 times by the end of Day 2, while the retail portion was subscribed 1.54 times. Priced at ₹1,065–1,119 per share, the IPO values Jio at...
Key Takeaways
- Jio Platforms’ ₹30,213 crore IPO entered its final day of bidding on October 23, with a grey market premium of around 22%, indicating positive listing sentiment.
- The issue was subscribed 5.57 times by the end of Day 2, while the retail portion was subscribed 1.54 times.
- Priced at ₹1,065–1,119 per share, the IPO values Jio at around ₹10.3 lakh crore at the upper end.
Jio Platforms’ ₹30,213 crore IPO entered its final day of bidding on October 23, with a grey market premium of around 22%, indicating positive listing sentiment. The issue was subscribed 5.57 times by the end of Day 2, while the retail portion was subscribed 1.54 times. Priced at ₹1,065–1,119 per share, the IPO values Jio at around ₹10.3 lakh crore at the upper end. Brokerages remain optimistic, citing its telecom leadership, improving profitability and growth opportunities in broadband and AI.
Original Publisher Attribution
This summary was curated from Economic Times.