Big IPO buzz! Jio Platforms reportedly attracts over $20 billion in bids ahead of India's biggest issue; GMP hits ₹200

Jio Platforms, the digital services arm of Reliance Industries, has reportedly attracted more than $20 billion in bids for what could be India's biggest-ever IPO, with global firms Fidelity, Allianz, and Capital Group among anchor investors. The issue, targeting a valuation of up to ₹10.3 trillion ($108 billion), is expected to open next week ahead of October 30 at a price band of ₹1,119 per share, raising about ₹302 billion, with trading likely from October 28. Grey market premium has risen to ₹200, up from ₹170-₹182 in prior sessions, signaling strong retail interest.