Jio IPO GMP latest price today: Grey market premium is rising day by day - Check expected price band
Jio Platforms is preparing for a major IPO in India, with grey market premiums rising as investor interest grows. The company aims to raise approximately $3.8 billion, potentially making it the largest listing in India's history.
Why it matters
This IPO represents a significant shift in the Indian financial landscape and could set a new benchmark for valuation in the digital services sector.
The grey market premium (GMP) of the proposed initial public offering of Jio Platforms Ltd, the digital services arm of Reliance Industries, has been moving higher in recent sessions, indicating strong investor interest in the issue.
As of Monday, the GMP stood at ₹160, according to market sources. It was higher than the ₹145 and ₹120 traded in the last two sessions. It should be noted that grey market trends are unofficial and can change before the IPO opens.
To be sure, grey market prices are unofficial and do not necessarily reflect the IPO’s final valuation, while the final price band is set by the merchant bankers after considering multiple factors.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in