Jio IPO GMP latest price today: Grey market premium is rising day by day - Check expected price band

Jio Platforms, the digital services arm of Reliance Industries, is set to launch its IPO on October 21, seeking to raise about $3.8 billion in what is projected to be India's biggest listing, surpassing Hyundai Motor India's $2.9 billion issue. The grey market premium stood at ₹160 as of Monday, higher than ₹145 and ₹120 in the prior two sessions, indicating strong investor interest. The company plans to issue up to 27 crore fresh equity shares (around 2.9% of post-issue capital) at an expected valuation of $143–146 billion (about 12 lakh crore), with proceeds largely earmarked to repay telecom division debt.