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Jio Platforms IPO GMP Rises to Rs 250 as Anchor Book Opens
Sentiment: NeutralHigh Priority
What Happened?
Jio Platforms' grey market premium has reached Rs 250 ahead of its IPO, indicating a potential listing price of Rs 1,369 per share. The anchor investor bidding starts today, October 19.
Key points
- The IPO price band is set at Rs 1,065-1,119 per share.
- The public subscription opens on October 21 and closes on October 23.
- Jio Platforms aims to raise Rs 30,213 crore through the IPO.
- The company serves over 53.3 crore customers, including 28.5 crore 5G users.
- Jio Platforms reported a revenue increase from Rs 1,09,558 crore in FY24 to Rs 1,46,885 crore in FY26.
Key insights
- The rising GMP suggests strong demand for Jio Platforms' shares in the grey market.
- Investors should consider the company's reliance on Reliance Jio Infocomm for revenue.
- Regulatory changes in telecom could impact Jio's future performance.
Why it matters
The IPO could significantly impact the Indian stock market and investor sentiment.
Entities
Jio Platforms· CompanyReliance Industries· CompanyIndia· Country
Source
India Today
