Jio Platforms IPO GMP : Jio Platforms’ IPO has received a strong response from investors. The issue opened on October 21 and closed on October 23. According to the available figures, the IPO was subscribed 22.19 times overall. Jio Platforms, a subsidiary of Reliance Industries, is aiming to raise approximately ₹30,213 crore through the offering. The company has issued 27 crore new shares as part of the issue. With substantial investor participation, market attention has now shifted to share allotment and the upcoming stock market listing.

IPO Consists Entirely of Fresh Shares
Jio Platforms’ IPO is entirely a fresh issue, meaning the company is raising capital by issuing new shares. There is no offer-for-sale (OFS) component in the issue. In a typical OFS, existing shareholders sell some of their shares, whereas proceeds from a fresh issue go to the company. According to the available information, Jio Platforms has issued 27 crore new shares through this IPO. However, investors should consult the company’s official documents to understand how the funds raised will be used.

Issue Price Fixed at ₹1,119 Per Share
The company set a price band of ₹1,065 to ₹1,119 per share for the IPO. Each share has a face value of ₹10. Following the subscription process, the final issue price for the general investor categories was reportedly fixed at ₹1,119 per share. Company employees have been offered a discount of ₹54 per share, bringing their effective price to ₹1,065. The number of shares allotted to individual investors will depend on demand within their respective categories and the applicable allotment rules.

Jio Platforms Shares Scheduled to List October 28
According to the provided schedule, share allotment is expected to take place on October 26. Shares allotted to successful applicants are scheduled to be credited to their demat accounts on October 27. Investors who do not receive an allotment are expected to receive refunds on the same day. Jio Platforms shares are scheduled to list on the BSE and NSE on October 28. Investors can check their allotment status through the official website of the registrar or the relevant stock exchange.

Grey Market Premium Reportedly Reaches ₹250
According to information attributed to Investorgain.com, Jio Platforms’ IPO had a grey market premium (GMP) of approximately ₹250 on October 24. This represents around 22.34% of the issue price of ₹1,119 per share. Previously, the GMP was reported at approximately ₹273 on October 20. However, the grey market premium is an unofficial indicator that can fluctuate rapidly. It does not guarantee the actual return investors may receive upon listing. Investors should carefully consider the risks and consult official company information before making investment decisions.