Jio lists Wednesday: GMP hints 22% gain, analysts urge caution
The record IPO was subscribed 22 times, but analysts expect a smaller pop than the grey market and advise those who missed out not to chase the stock.
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Jio Platforms shares list on the BSE and NSE on Wednesday, October 28, after the IPO priced at ₹1,119 a share was subscribed 22.19 times.
The grey market premium of about ₹246 (22%) points to a listing near ₹1,365, but it is an unofficial signal.
Analyst Ambareesh Baliga expects a more modest 8-10% listing gain; Avinash Gorakshakar advises waiting for the price to settle.