Jio IPO GMP latest price today: Grey market premium is rising day by day - Check expected price band

Jio Platforms' proposed IPO has attracted an unofficial grey market premium of Rs 160 as of October 6, with the publisher saying the premium has risen as the planned listing approaches. The offering is intended to raise $3.8 billion and is expected to list on October 21, after regulatory clearance in August. It would be Reliance's first public offering in almost two decades. The material does not provide the expected price band, issue structure or subscription timetable, so the premium cannot be translated into an indicated listing price from the information available.

For Indian equities, a firm Jio debut could help investors assign a clearer standalone value to Reliance Industries' digital business and may influence sentiment toward telecom and internet platform companies. Reliance closed at Rs 1,204.00, up 1.5% today, but remains down 8.3% over one month and 6.2% over three months, while the Oil and Energy sector has fallen 3.8% and 4.1% over those periods. The reading would gain support from a disclosed price band, strong formal subscriptions and a listing near grey market indications. A lower premium, weaker demand, or changed timing or terms would weaken it.