Jio IPO Day 2: Issue subscribed over 4X so far; GMP at 22%. Check brokerage views and key details
Economic Times 7 hrs ago·22 Oct 2026, 3:48 am
Reliance Industries’ Jio Platforms IPO is seeing strong demand on its second day of subscription. The issue has been subscribed over four times, indicating significant interest from investors. The price band for the IPO was set between Rs 1,065 and Rs 1,119 per share, and it is set to close for subscription on October 23. At the upper end of the price band, the company is valued at approximately Rs 10.3 lakh crore.
For investors, the IPO offers a chance to buy into one of India's largest telecom operators. The company is known for its dominance in the market and is focusing on growing its broadband and AI businesses. Brokerages have generally given a positive outlook on the stock, citing its strong market position and improving profitability.
Investors should keep an eye on the final subscription numbers and the grey market premium (GMP) as the issue closes. The GMP currently stands at around 22%, which suggests the stock could see some listing gains. It is important to review the company's financials and future growth plans before making an investment decision.
Key takeaways
- Category: IPO.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
