Jio IPO sparks investor buzz: GMP rises to 20% as Reliance’s telecom arm announces price band, dates

Jio Platforms, a subsidiary of Reliance Industries, has sparked investor interest with its upcoming initial public offering (IPO). The grey market premium for the IPO has risen to Rs 220, indicating a nearly 20% premium over the upper price band of Rs 1,119. The IPO, opening on October 21 and closing on October 23, is expected to surpass Hyundai Motor India’s 2024 offering to become India’s largest-ever public issue.