Jio IPO opens at Rs 30,213 crore with 22% GMP
In short
Jio’s IPO opened with a 22% grey market premium. The issue is worth Rs 30,213 crore, with a price band of Rs 1,065 to Rs 1,119 a share, and it stays open until October 23.
This matters because the offer could value Jio Platforms at Rs 10.3 lakh crore. The final subscription and listing result are not yet known.
What the reporting says
The Jio IPO opened with a 22% grey market premium, with shares priced between Rs 1,065 and Rs 1,119 and the issue running until October 23. Economic Times said the Rs 30,213 crore offer values Jio Platforms at up to Rs 10.3 lakh crore, making it one of India’s most valuable companies. The reporting does not state the final subscription level or listing outcome.
Why it matters
The Jio IPO opened with a reported 22% grey market premium, a price band of Rs 1,065 to Rs 1,119 per share, and a stated issue size of Rs 30,213 crore. Economic Times said the upper-end valuation would be Rs 10.3 lakh crore. This is significant for investors watching one of India’s biggest offerings, but the final subscription, allotment and listing price are still unknown.