Jio IPO GMP today: Grey market signals over 22% listing gains; check allotment, listing date
Reported by The Economic Times, not nibnow. We are not the publisher of this story, only the source is.
The IPO attracted more than 22 times the shares on offer, suggesting strong investor demand that could translate into significant price gains once listed.
The issue, which closed for subscription on October 23, received an overwhelming response from investors, with the overall subscription reaching 22.19 times the shares on offer. The offering has also become India’s largest-ever IPO, surpassing Hyundai Motor India’s Rs 27,870-crore issue in 2024.
An IPO (initial public offering) is when a private company sells shares to the public for the first time; Jio is a major Indian telecom and digital services provider, and its listing is the largest in India’s history, surpassing previous records such as Hyundai Motor India’s 2024 offering.
- •The official listing date and opening price on the stock exchange
- •Details of share allotment to different investor categories
- •Subsequent market performance and any changes in the grey market premium