BusinessPhoto: News18Hi BusinessJio Platforms IPO Opens for Anchor Investors with High GMP
Jio Platforms' ₹30,187.6 crore IPO opened on October 19 for anchor investors, with retail investors able to bid from October 21 to 23. The IPO price band is ₹1,065 to ₹1,119 per share. The grey market premium (GMP) is around ₹250, indicating a potential profit of about ₹3,000 per lot. The company will use ₹27,500 crore from the IPO to repay Reliance Jio Infocomm's debt. Jio's profit rose 9.1% to ₹7,765 crore.
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