The much-awaited Jio Platforms IPO listing is set to grab investors’ attention as the Reliance-backed company prepares for its stock market debut on October 28. After receiving a strong response from investors, the ₹30,213-crore IPO is heading towards its listing on both the BSE and NSE, with the latest grey market premium (GMP) indicating a potentially strong debut.
The IPO witnessed an overall subscription of 22.19 times, reflecting significant investor interest. With the allotment process finalised on October 26, investors are now closely tracking the latest GMP and expected listing price to estimate their potential gains.
Jio Platforms IPO Listing Date and Time
According to the IPO schedule provided, Jio Platforms shares are set to list on the BSE and NSE on Wednesday, October 28, at 10 AM.
The listing process will begin with a special pre-open session from 9 AM to 9:45 AM. During this period, investors can place, modify or cancel their orders. Order matching and the determination of the opening price are scheduled between 9:45 AM and 9:55 AM, followed by the transition to regular trading.
Jio Platforms IPO GMP Today: ₹244 Premium
The latest reported grey market premium for Jio Platforms IPO stood at ₹244 per share on October 27, according to IPO tracking websites. The premium has attracted attention ahead of the company’s market debut, with investors looking for clues about its possible listing performance.
The grey market trend has remained volatile over recent sessions, with the premium fluctuating without a clear directional movement. The latest figure suggests positive unofficial market expectations, although the trend could change before the shares begin trading.
Investors should remember that GMP is based on unofficial market activity and is not a guaranteed indicator of listing performance. The actual listing price may be significantly different from the grey market estimate.
Jio Platforms IPO Expected Listing Price
Based on the reported GMP of ₹244 and the upper IPO price of ₹1,119, Jio Platforms shares could have an indicative listing price of approximately ₹1,363 per share.
This represents a potential premium of around 21.81% over the upper issue price. However, this is only a GMP-based estimate, not an official listing price or a guaranteed return.
Jio Platforms IPO: How Much Could Investors Gain?
Investors who received one lot of 12 shares could see an indicative gain of ₹2,928 if the shares list at ₹1,363.
Here is the estimated calculation:
IPO price per share: ₹1,119
Indicative listing price: ₹1,363
Potential gain per share: ₹244
Shares per lot: 12
Indicative gain per lot: ₹2,928
These figures are estimates based on the latest reported GMP. Actual gains or losses will depend on the listing price and subsequent market movements.
Jio Platforms IPO Details: Issue Size, Price Band and Subscription
The ₹30,213-crore IPO was offered at a price band of ₹1,065 to ₹1,119 per share. The minimum application size was 12 shares, requiring retail investors to invest ₹13,428 at the upper end of the price band.
The issue received an overall subscription of 22.19 times, with qualified institutional buyers (QIBs) leading the demand.
Overall subscription: 22.19 times
QIB subscription: 70.55 times
Non-institutional investors (NII): 14 times
Retail individual investors: 2.72 times
IPO issue size: ₹30,213 crore
Price band: ₹1,065–₹1,119 per share
Minimum lot size: 12 shares
The IPO comprised a fresh issue of 27 crore equity shares, with no offer-for-sale component.
How Will Jio Platforms Use the IPO Proceeds?
Jio Platforms plans to use up to ₹27,500 crore from the IPO proceeds to repay borrowings of its subsidiary, Reliance Jio Infocomm Ltd.
The company has also reserved up to 46,94,835 shares for eligible employees, who are entitled to a discount of ₹54 per share on the issue price.
Jio Platforms IPO Listing: What Should Investors Watch?
With the listing approaching, investors will be watching the opening price on the BSE and NSE, broader market sentiment and demand during the initial trading session. Although the latest GMP points to a possible premium listing, grey market trends can change quickly and should not be treated as a reliable guarantee of returns.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. GMP-based listing estimates are unofficial and may not reflect the actual market price. Investors should assess their risk tolerance and consult a qualified financial adviser before making investment decisions.
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