Jio IPO grey market premium rises to Rs 220 before Oct. 21 opening
In short
Jio Platforms’ IPO grey market premium climbed to Rs 220 after the company filed its red herring prospectus on Wednesday. That suggests about a 20% premium to the top price of Rs 1,119.
The Rs 30,213 crore issue opens on October 21 and closes on October 23. It could become India’s biggest public issue, but the source does not say how strong demand will be when the offer opens.
What the reporting says
Jio Platforms’ IPO grey market premium rose to Rs 220 after the company filed its red herring prospectus on Wednesday, implying nearly a 20% premium to the upper price band of Rs 1,119. The Rs 30,213 crore issue is scheduled to open on October 21 and close on October 23. The source says it is set to surpass Hyundai Motor India’s 2024 offer as India’s largest public issue, but final subscription and listing outcome are still unknown.
Why it matters
Jio Platforms’ IPO drew a higher grey market premium after the RHP filing, with the summary citing Rs 220 and an implied nearly 20% premium over the upper band of Rs 1,119. The offer size is Rs 30,213 crore, with dates set for October 21 to October 23. The report says it may become India’s largest-ever public issue, but actual investor demand and listing performance remain unknown.