Reliance Industries Stock Update: Share Price Rises on Jio IPO Buzz | 📰 LatestLY

Reliance Jio IPO RHP filing likely today; latest GMP jumps to ₹219 - check expected share price band, size, valuation

Jio Platforms IPO: Amdi buzz for the RHP filing likely today; the Reliance Jio shares are available at a premium of ₹219 in the grey market toay, say market observers

Reliance Industries Stock Update: Share Price Rises on Jio IPO Buzz | 📰 LatestLY

Reliance Industries (RELIANCE) share price is trading at ₹1,166.70, up 0.67% today, driven by strong buzz around the upcoming Jio Platforms IPO and positive analyst calls. 📰 Reliance Industries Stock Update: Share Price Rises on Jio IPO Buzz.

Jio IPO: Grey market abuzz already with GMP reaching ₹180, indicating 16% listing gain

Ahead of Reliance Jio Platforms’ IPO, activity in the gray market has intensified. The potential price band for the Jio IPO is expected to be ₹1,065 to ₹1,119 per share, though it is yet to be announced. The gray market premium (GMP) is estimated to be around ₹170 to ₹180, indicating a potential listing gain of 15-16% compared to the upper price band.

Jio Platforms sets price band for India's biggest-ever IPO

Reliance Industries keeps a 66.43% stake after the sale, while Meta and Google, each already holding stakes from 2020 pandemic-era investments, watch a public market finally price the asset they bought into.