Jio Platforms IPO GMP Today: Issue Subscribed over 6 Times on Day 3, Check Allotment Date, Other Details
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7 Articles
Jio Platforms IPO GMP today: Issue subscribed over 6 times on day 3, check allotment date, other details
Ahead of the IPO, Jio Platforms raised about Rs 8,110 crore from 212 anchor investors on October 19, allotting shares at Rs 1,119 apiece, the upper end of the price band.
Jio IPO closes today: Will it deliver a double-digit listing gain or become a long-term compounder?
Jio Platforms will wrap up its IPO bidding today, setting a new benchmark as India's largest public offering to date. With an overwhelming interest from investors, substantial gains are forecasted when the shares list. Analysts from various brokerages endorse participation, highlighting Jio's robust leadership in the digital market, with growth prospects that cover cloud services and enterprise solutions beyond telecommunications.
IPO GMP comparison: Reliance Jio Platforms IPO vs Paras Healthcare - Last day to apply today - Listing price prediction
IPO GMP comparison: After three days of subscription period, shares of both Jio Platforms and Paras Healthcare are tentatively scheduled to list on the BSE and NSE on Wednesday, 28 October, following allotment on Monday, 26 October.
Mukesh Ambani's Jio Platforms' IPO is receiving an overwhelming response from investors. This ₹30,213 crore IPO saw strong bidding on the third day as well. As of 10 am on October 23, the issue was subscribed 6.03 times.
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