Jio shares all set to hit exchanges, grey market signals over 20% listing gain
Shares of Jio Platforms Ltd (JPL) will hit the stock exchanges on Wednesday morning after the billionaire Mukesh Ambani-owned company successfully concluded the largest initial public offering (IPO) in India’s capital markets history. The Rs 30,200 crore IPO was subscribed 22.19 times, attracting bids for 438.26 crore shares against 19.75 crore shares on offer.
If the grey market trend is anything to go by, Jio shares are expected to deliver a listing gain of more than 20%. Jio Platforms’ grey market premium (GMP) stood at Rs 260 at 7 pm.
