Jio IPO: Can India’s biggest-ever issue buck the trend of muted listing gains among mega IPOs?

Jio Platforms' IPO has surpassed Hyundai Motor India's Rs 27,858.75 crore issue to set a new Indian primary-market fundraising benchmark, drawing 22.19 times overall subscriptions, including 70.55 times from qualified institutional buyers. Grey-market indications showed a Rs 250 premium over the Rs 1,119 upper price band, implying a 22.34 percent premium and Rs 3,000 potential gain per 12-share lot, although the unregulated premium does not guarantee listing performance.