Jio Platforms' upcoming listing with GMP signaling 22% premium drives high score.
Context
What happened: Jio Platforms shares are set to list on the BSE and NSE on October 28, with the IPO commanding a grey market premium of around 22%.
Key numbers: Rs 30,213-crore issue, subscribed 22.19 times, grey market premium around 22%, listing on October 28.
Why it matters: The subscription level reflects strong institutional demand, and investors will watch the listing amid Jio's growth ambitions and financial performance.