Jio IPO's GMP signals 22% listing gains 1 day ahead of debut

Jio Platforms' IPO is trading at a grey market premium (GMP) of ₹247 per share on Tuesday. This indicates potential listing gains of around 22% over its upper price band of ₹1,119, one day ahead debut on BSE and NSE. Backed by Mukesh Ambani-led Reliance Industries, the ₹30,213-crore issue was subscribed 22.19 times, with total demand exceeding ₹7.4 lakh crore.