Jio Platforms, valued at about ₹10.34 lakh crore, is set to be listed on the stock exchanges on October 28. Trading in the shares is expected to begin from 10 am.
The IPO drew heavy demand, with the issue subscribed 22.19 times by the close. The company is also being described as the first IPO globally to receive more than one crore applications.
Category-wise, the Qualified Institutional Buyers (QIB) portion was subscribed 70.55 times. The non-institutional investor segment saw 14 times subscription, while the retail segment was subscribed 2.72 times.
Investors who received allotment are expected to see the shares credited to their demat accounts on October 27. From the market open on October 28, they can sell at the prevailing price or buy additional shares.
The issue price has been fixed at ₹1,119 per share, though the opening price may vary based on demand. Grey market premium was indicated at about ₹244–₹246 per share, suggesting a possible listing range of roughly ₹1,363–₹1,365.
