Home / Business and Economy / Jio IPO Opens: Investors Rush In, Grey Market Soars
Jio IPO Opens: Investors Rush In, Grey Market Soars
22 Oct
Summary
- Jio Platforms' IPO opened on October 21, 2026, attracting strong investor interest.
- Qualified Institutional Buyers fully subscribed their portion within 28 minutes.
- The grey market premium reached Rs 276, indicating a potential 24.66% listing gain.
The initial public offering for Jio Platforms commenced on Wednesday, October 21, 2026, drawing substantial investor enthusiasm from the outset. Within just 28 minutes of its opening, the Qualified Institutional Buyer (QIB) portion of the IPO was fully subscribed, indicating a robust demand in this category.
While demand from other investor segments was initially more subdued, the overall subscription rate showed positive momentum. The grey market premium (GMP) for Jio Platforms' IPO also saw a notable increase, reaching Rs 276 per share on October 21, 2026.
This premium, representing approximately 24.66% above the upper price band of Rs 1,119, suggests an estimated listing price of around Rs 1,395. Investors are advised that GMP is an unofficial indicator of market sentiment.
The subscription window for the IPO remains open from October 21 to October 23, 2026. Interested investors can apply online via their stockbroker's platform or through a participating bank's ASBA facility, following a step-by-step process to ensure accurate application submission. Investors should carefully review details like the price band, lot size, and their respective investor category before applying.
