October 28, 06:46Aaj Tak

Listing of Jio Platforms' Largest IPO: Significant Investor Returns Expected

The debut of the country's largest IPO in history is fast approaching. Shares of Jio Platforms, owned by billionaire and Chairman of Reliance Industries Mukesh Ambani, will be listed on the stock exchange at 10 am shortly.

The Jio Platforms IPO received a strong response from investors, signaling potentially high returns for those who invested in the process.

The Jio Platforms IPO became the largest issuance in the history of Indian IPOs. The total volume of this offering was 30,213 crore rupees. Between October 21 and 23, the company issued 270 million new shares with a face value of 10 rupees, setting a price band between 1065–1119 rupees.

The Jio Platforms IPO attracted enormous investor interest from the outset. Prior to this, anchor investors placed bids totaling 250 billion rupees. The billionaire Mukesh Ambani's IPO was subscribed approximately 22 times. The highest demand was recorded in the QIB category, which saw a 67-fold subscription, while the retail category was filled 2.76 times.

The Jio Platforms IPO also began setting records since its opening. Notably, the total demand for Jio Platforms shares exceeded 700 billion rupees and was fully subscribed in just 100 minutes after the start. Now, following the listing, the company is preparing to set new records, as it could become the second largest company by market capitalization in the country after Reliance Industries.

This share offering, launched only with new shares, is scheduled to debut on the stock market on Wednesday at 10 am. Jio Platforms shares will be traded on both stock market indices: the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

It is possible to estimate the potential profit that the Jio Platforms IPO may bring to investors after the exchange listing, based on the Grey Market Premium (GMP). At the time of listing, the GMP for Jio Platforms stands at 22.10%, indicating a growth of 247 rupees per share. With an assumed listing price of 1366 rupees, an investor could receive about 3000 rupees for one lot, based on this estimated premium.

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Jio Platforms lists on exchange with 21% premium, becoming India's second most valuable company

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business-standard.comOctober 22, 09:43

Jio Platforms IPO attracts high demand: retail quota exhausted, subscription reached 3.47 times on the second day

Interest in the $3.2 billion Jio Platforms IPO continued to grow on Thursday, the second day of public offering. According to exchange data, demand exceeded the volume of offered shares by 3.47 times, and the allocation for retail investors was completely exhausted.

This IPO, which is set to be the largest in India and the first from Reliance in the last 20 years, is an important element of Ambani's long-term strategy to transform Reliance from an petrochemical giant into an 'everything company' covering consumer, retail, and technology sectors.

The main demand was driven by institutional investors, with qualified institutional buyers requesting their quotas at 9.42 times the amount provided. As for retail investors, who were allocated about a third of the issue, they fully covered their portion within the first two hours of the second day of trading.

www.aajtak.inOctober 21, 13:18

Jio Platforms IPO becomes the fastest subscribed mega-IPO in India, surpassing Hyundai and LG

The IPO of Jio Platforms, owned by Mukesh Ambani, is open to investors who can apply until October 23. On Wednesday, the opening day, the IPO received a very strong response from investors, making it the fastest-subscribed mega-IPO.

The qualified institutional buyer (QIB) category played the biggest role in this. The IPO was fully subscribed in just 100 minutes, at which point the QIB category had achieved more than triple subscription, and this figure continued to rise. By noon, at 3:30 PM, the category reached a subscription rate of 8.01 times.

Thanks to this rapid full subscription, the Jio Platforms IPO set a historical record and entered the list of the fastest-subscribed mega-IPOs launched in India to date. Previously, the largest IPO in India by issue price was Hyundai Motor India, with a volume of 27,870 crore rupees, but it yielded to Jio in terms of subscription metrics. Furthermore, the reaction to Mukesh Ambani's company IPO was significantly faster compared to the IPOs of Bajaj Housing Finance Limited and LG Electronics India Limited.

Regarding the first-day subscription, by approximately 3:30 PM, the QIB category was subscribed 8.01 times, while the NII category received a 1.41-fold subscription. The retail investor category showed a rate of 0.64 times. Employee quotas were also subscribed at 1.21 times, and shareholder quotas at 1.23 times.

The Jio Platforms IPO attracted funds amounting to 30,213 crore rupees in the primary market. The price band was set at 1065–1119 rupees, and the lot size is 12 shares. This offering does not include an Offer for Sale; instead, 270 million new shares are issued to investors.

The company plans to use up to 27,500 crore rupees of the raised funds to repay or prepay debts of its telecommunications subsidiary, Reliance Jio Infocomm. The remaining amount will be allocated to general corporate purposes.