Now Reading: Jio Platforms IPO listing set for 28 October, grey market premium 22%
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Jio Platforms IPO listing set for 28 October, grey market premium 22%
Jio Platforms IPO listing set for 28 October, grey market premium 22%
The Story in Brief
Mukesh Ambani-led Reliance Industries unit Jio Platforms will list its shares on the NSE and BSE on Wednesday, 28 October, according to tv9hindi.com. The IPO, which raised Rs 30,213 crore, became India's largest-ever public issue, surpassing Hyundai Motor India's Rs 27,870 crore IPO in 2024. Grey market signals indicate a listing gain of over 22%, with unlisted shares trading at Rs 1,366 per share against the upper price band of Rs 1,119, implying a premium of Rs 247 per share or 22.07%.
The issue was subscribed over 22 times, with qualified institutional buyers (QIB) category subscribed 70.55 times, non-institutional investors (NII) 14 times, and retail individual investors (RII) 2.72 times. The IPO was fully subscribed within 100 minutes of opening and received about 1.4 crore applications. Share allotment is expected to be finalised by 26 October, with refunds starting 27 October for unsuccessful bidders. The grey market premium is unofficial and may fluctuate before listing.
Indian Opinion Analysis
Both outlets report the story as straight market news with no discernible slant. tv9hindi.com leads with the grey market premium and Jio’s subscription details, while bhaskar.com leads with the five IPOs opening from 26 October and references Jio only as a record-sized benchmark. The coverage is uniform in tone: neither outlet questions the offering, the valuations, or the regulatory process. The real market test will be the listing price on 28 October and whether the grey market premium materialises into actual gains.
Coverage: 2 sources, 2 neutral
Sources (2): tv9hindi.com (neutral report), bhaskar.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
