Jio Platform Limited’s IPO received strong bids on the second day as well. This IPO of Jio was completely filled in all categories. From retail category to high net worth category, investors bid heavily. Friday is the last chance to invest in it.
On the second day, this IPO was subscribed 1.54 times in the retail category. QIB has IPO 12.87 times were invested in NII and 5.64 times were subscribed in NII category. Overall this IPO was subscribed 5.39 times on the second day.
Got 3.68 lakh crores instead of 30200 crores
live The total size of the initial public offer (IPO) of Platforms Limited is Rs 30,200 crore, which means the company will raise this much money from this IPO. Whereas the company has received a total of Rs 3.68 lakh crore for this IPO. However, out of this the company can take only Rs 30,200 crore and the remaining money will be returned to the accounts of IPO investors in case of non-allotment of shares. But this demand shows that investors are enthusiastic about this IPO.
When will this IPO be listed?
Jio Platforms IPO was open for bidding on 21st October and will close on 23rd October i.e. Friday. Its shares will be allotted on 26th October and its shares will be listed on NSE and BSE on 28th October.
Price band of this IPO
The price band of Jio Platforms IPO is ₹1,065 to ₹1,119 per share. 12 shares have been placed in one lot, for which every person in the retail category will have to invest at least ₹ 13,428 in the upper price band for one lot. Under this issue, 46,94,836 shares have been reserved for employees, for which a discount of Rs 54 has been given.
What signal is GMP giving?
Jio Platforms IPO shares are showing good growth even in the gray market. The GMP of this IPO is ₹ 243, hence the listing of Jio Platforms shares under this IPO is expected to be up to ₹ 1362 as compared to the upper price band of ₹ 1119. That means investors can get a premium of 21.72% on this IPO.
(Note- Before investing in any share or IPO, take the help of your financial advisor.)
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