Record haul: Jio IPO collects Rs 7.5 lakh crore; nearly 1.3 crore investors make bids
Reported by Times of India Business, not nibnow. We are not the publisher of this story, only the source is.
The massive demand, with about 1.3 crore investors and a record‑size IPO, signals strong market interest in Jio and could influence broader equity sentiment in India.
In the unofficial market, speculators are betting that the company will be listing at about Rs 1,370, a mark-up (also called the grey market premium or GMP) of about Rs 250 over the upper limit of the IPO price band of Rs 1,065 to Rs 1,119. The current GMP is slightly off Rs 273, the highest level seen a day before the IPO opened.
An IPO (initial public offering) is when a private company sells shares to the public for the first time; the grey market premium reflects speculative trading of those shares before official listing, often indicating expected price moves.
- •Official listing price and final allocation details
- •Post‑listing share price movement relative to the GMP
- •Regulatory or market reactions to the record‑size offering