Mukesh Ambani-led Reliance Industries unit Jio Platform is all set to make its much-awaited debut in the market this week. According to gray market indications, the IPO allottees (shareholders) of this mega issue may get a good listing gain of over 22 percent.

Before the listing, Jio Platform’s unlisted shares traded at Rs. per share in the informal gray market. was trading at 1,366. This means that per share Rs. 1,119 at the upper end of the price band, per share at Rs. 247 or getting a gray market premium of 22.07 percent.

If the lot size is considered to be 12 shares, the profit per lot can be around Rs 2,964. However, it is important to note that the gray market is an unofficial platform, and the GMP listing does not guarantee day-to-day performance. The premium may fluctuate prior to listing, while the actual price of the shares will depend on supply and demand on the stock exchange.

When will the shares be listed on NSE and BSE?

Shares of the Jio platform will make their much-awaited market debut on October 28 (Wednesday). Prior to this, the allotment of shares for the IPO is likely to be finalized by October 26 (Monday) and those who have not received the shares will start getting refunds from October 27 (Tuesday). According to National Stock Exchange (NSE) data, Jio Platform’s IPO received an overwhelming response from investors during the three-day public bidding and was oversubscribed 22 times its offer size.

Among these, the demand from institutional investors was the highest. By the end of bidding, the Qualified Institutional Buyers (QIB) category was subscribed 70.55 times. The Non-Institutional Investors (NII) segment was subscribed 14 times, while the Retail Individual Investors (RII) category received bids of 2.72 times the shares reserved for them.

The country’s largest IPO

Rs. 30,213 crore, the telecom giant’s first public issue (IPO) broke many records. He said that in 2024, Hyundai Motor India’s Rs. 27,870 crore IPO has achieved the title of India’s largest IPO till date. The issue has created new records in terms of fund raising, demand and applications from anchor investors. Also, among the five largest IPOs in India, it received the highest subscription from ‘Qualified Institutional Buyers’ (QIB). According to information, the issue was fully subscribed within 100 minutes of its launch and around 1.4 crore applications were received.