Jio IPO GMP Today: Will record-breaking demand translate into bumper listing gains? Check latest grey market premium

Jio IPO GMP Today: Reliance Industries-owned Jio Platforms is gearing up for its much-awaited stock market debut this week, with grey market trends pointing to potential listing gains of over 22 per cent for investors who have secured an allotment in the mega initial public offering (IPO).

The Reliance Industries subsidiary's Rs 30,213 crore public issue attracted strong investor demand, making its upcoming listing one of the closely watched events in the primary market.

Ahead of its stock market debut, Jio Platforms' unlisted shares were trading at around Rs 1,366 apiece in the unofficial grey market.

Grey market premium (GMP) indicates Rs 250 per share over the IPO's upper price band of Rs 1,119, indicating a premium of approximately 22.34 per cent.

Based on this premium, investors who received an allotment could potentially see a gain of Rs 2,964 on a lot of 12 shares.

Jio Platforms shares are scheduled to list on the BSE and NSE on Wednesday, October 28. The share allotment is expected to be finalised on Monday, October 26, while refunds for investors who do not receive shares are expected to begin on Tuesday, October 27.

Jio Platforms IPO subscription: Issue booked over 22 times

The Rs 30,213 crore IPO witnessed substantial demand during its three-day subscription period, with the issue subscribed to more than 22 times the shares on offer, according to data from the National Stock Exchange (NSE).

Qualified institutional buyers (QIBs) led the subscription, bidding for 70.55 times the shares reserved for the category. The non-institutional investor (NII) segment was subscribed 14 times, while the retail individual investor (RII) category recorded a subscription of 2.72 times its reserved portion.

Jio Platforms IPO sets fundraising record

With a total issue size of Rs 30,213 crore, Jio Platforms’ maiden public offering surpassed Hyundai Motor India’s Rs 27,870 crore IPO launched in 2024, making it India’s largest-ever IPO by issue size.

The public issue also drew significant attention for its institutional demand and application numbers. It was fully subscribed within approximately 100 minutes of opening and received nearly 1.4 crore applications, according to figures compiled for the issue.