Home / Business and Economy / Jio IPO: Grey Market Hints at 22% Listing Gain
Jio IPO: Grey Market Hints at 22% Listing Gain
26 Oct
Summary
- Jio Platforms IPO allotment finalization on Monday, results expected by evening.
- Grey market suggests a listing gain of approximately 22% over issue price.
- Successful retail applicants will receive one lot of 12 shares.
The basis of allotment for the Rs 30,213-crore Jio Platforms IPO is scheduled for finalization today. Results are anticipated by late evening on the registrar KFin Technologies' website and the BSE and NSE. Successful retail applicants will be allocated one lot of 12 shares, with the Rs 13,428 cost to be debited from their accounts.
Grey market premiums indicate a potential listing gain of approximately 22% over the Rs 1,119 issue price. Trackers show a premium suggesting a listing price around Rs 1,366, implying a valuation of about Rs 12.58 lakh crore. However, grey market prices are unofficial and can be volatile.
For successful applicants, a lot bought for Rs 13,428 could be worth around Rs 16,392 if the premium holds, a gain of nearly Rs 2,964 before charges and taxes. Employees received a discount, paying Rs 1,065 per share. Shares are set to be credited to demat accounts on Tuesday, October 27, with trading expected to commence on Wednesday, October 28.
