Jio IPO sparks investor buzz: GMP hits 20% as Reliance’s telecom arm announces price band, dates

Jio Platforms' initial public offering (IPO) has generated significant interest among investors. The grey market premium for the IPO, known as the GMP, has risen to Rs 220, indicating a nearly 20% premium over the upper price band of Rs 1,119. This suggests that investors are eager to buy into the company, which is set to become India's largest-ever public issue when it opens on October 21 and closes on October 23. The success of this IPO could have a positive impact on the Indian stock market.

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Jio Platforms' IPO grey market premium climbed to Rs 220 after the company filed its red herring prospectus. This implies a nearly 20% pre-listing gain, indicating strong investor interest.

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