Jio IPO Grey Market Premium Points to 22% Listing Gain

The Jio IPO’s unlisted shares were trading at ₹1,366 apiece in the unofficial grey market ahead of the company’s planned October 28, 2026, market debut. That was ₹247, or 22.07%, above the ₹1,119 upper end of the offer’s price band.

Key Takeaways

• The grey market premium is indicative and does not guarantee the exchange listing price.
• The ₹30,213-crore offering attracted subscriptions of more than 22 times its size.

What the Jio IPO premium indicates

At the quoted premium, an allotment of 12 shares would imply a gain of ₹2,964 per lot. The grey market is unofficial, however, and its premiums can change before the shares begin trading.

The actual share price will depend on demand and supply on the stock exchanges. The grey market quote is not a confirmed listing price.

Listing timetable and investor demand

Jio Platforms, an arm of Mukesh Ambani-led Reliance Industries, is scheduled to debut on the NSE and BSE on October 28. Share allotments are likely to be finalized by October 26, with refunds for unallotted shares expected to begin on October 27.

The issue was fully subscribed within 100 minutes of opening and received nearly 1.4 crore applications. Its ₹30,213-crore size surpassed Hyundai Motor India’s ₹27,870-crore offering in 2024, making it India’s largest IPO.

Next milestone

The next scheduled milestone is Jio Platforms’ exchange debut on October 28.

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