Jio IPO GMP today: All eyes on telecom major’s mega listing this week. What is grey market signalling?

However, it is important to note that the grey market is an unofficial platform, and the GMP does not guarantee listing-day performance. Premiums can fluctuate before listing, while the actual share price will depend on demand and supply on the stock exchanges.Jio IPO listing date: When will shares list on NSE, BSE?Live EventsShares of Jio Platforms will make their much-awaited market debut on October 28 (Wednesday).

Prior to that, the share allotments for the IPO will likely be finalised by October 26 (Monday), and the refunds for the unallotted shares will be initiated by October 27 (Tuesday).Institutional investors led the demand, with the qualified institutional buyers (QIB) category was subscribed 70.55 times by the close of bidding. The non-institutional investor (NII) segment was subscribed 14 times, while the retail individual investor (RII) category received bids equivalent to 2.72 times the shares reserved for it.The Rs 30,213-crore maiden public issue for the telecom giant broke several records, including the title of India’s largest-ever IPO by surpassing Hyundai Motor India’s Rs 27,870-crore offering in 2024.

The issue set records across fundraising, anchor investor demand and applications, while attracting the highest qualified institutional buyer (QIB) subscription among India’s five largest IPOs. It was fully subscribed within 100 minutes of opening and received nearly 1.4 crore applications, according to figures compiled for the issue.Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser.

Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution.

They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.(You can now subscribe to our ETMarkets WhatsApp channel)