Jio Latest grey market price before listing released
On the morning of its listing, the premium of Jio Platforms stock in the grey market was 247 rupees, which means its opening price could be close to 1,366 rupees, approximately 22.07% higher than the issue price of 1,119 rupees.
In contrast, for another company, Paras Healthcare, which is set to go public on Wednesday, market expectations are significantly weaker. As of October 27th, the premium in the grey market for this company was only 13 rupees.
The issuance of Paras Healthcare with a scale of 145 billion rupees only received 2.23 times the subscription, whereas the subscription multiple for Jio reached 22.19 times.
The report indicates that the grey market is an unofficial market, and the final listing price will be determined by the buy and sell orders during the pre-market call auction phase at 9 a.m. The regular trading of the two stocks on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) will begin at 10 a.m.









