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The Economic Times
The Economic Times
Business
Ritesh Presswala

Jio IPO Day 2: GMP at 22%, issue subscribed over 3.16; check brokerage views and key details

Jio GMP IPO Jio Platforms Artificial Intelligence India Bharti Airtel QIB Reliance Jio Infocomm

Jio Platforms' initial public offering (IPO) entered its second day of bidding on October 22, 2026, amid strong investor interest. In the grey market, the IPO is commanding a premium of around 22%, signalling positive sentiment ahead of what is expected to be India's largest-ever public offering. Brokerages are optimistic about the issue, citing Jio's dominant position in the telecom sector, improving profitability and growth opportunities in broadband and artificial intelligence (AI).

On Day 1, the issue was subscribed 3.16 times overall against 19.75 crore shares on offer. The retail individual investor (RII) portion was subscribed 73% of the 8.50 crore shares reserved for the category.

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