Jio IPO Subscribed Over 5X with 22% GMP on Day 3
Jio Platforms' ₹30,213 crore IPO entered its final bidding day on October 23, showing a 22% grey market premium, signaling strong listing sentiment. The issue was subscribed 5.57 times by Day 2, with retail subscription at 1.54 times. Priced between ₹1,065 and ₹1,119 per share, the IPO values Jio at about ₹10.3 lakh crore. Brokerages are optimistic due to Jio's telecom leadership and growth in broadband and AI.
ET Markets·


