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The Economic Times
The Economic Times
Business
Ritesh Presswala

Jio IPO Day 3: GMP at 22%, issue subscribed over 5X; check brokerage views and key details

Jio Platforms' initial public offering (IPO) entered its third and final day of bidding on October 23, 2026, following strong investor demand. In the grey market, the IPO is commanding a premium of around 22%, indicating positive sentiment ahead of what is expected to be India's largest-ever public offering. Brokerages have expressed optimism about the issue, citing Jio's strong position in the telecom sector, improving profitability and growth opportunities in broadband and artificial intelligence (AI).

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