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Jio Platforms shares to list on BSE, NSE tomorrow; GMP signals 22% premium

🇮🇳 India · Economy · 4 h ago
6
independent sources
8
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0 / 4 / 24
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26.10 11:56 UTC
first publication

Confirmed facts

Each fact is a sentence from a source that at least two independent outlets report.

The GMP reflects the difference between an IPO’s issue price and its expected listing price in the unofficial market.
Independent sources: 2 · Mint, Mint, DocStoX
Jio Platforms IPO GMP Today : Jio Platforms' initial public offering (IPO), India's biggest IPO, is set to list on the stock exchanges on October 28, following a subscription of 22.19 times during its three-day bidding window.
Independent sources: 2 · ET Now, DocStoX
The issue comprises an entirely fresh issue of 27 crore shares.
Independent sources: 2 · ET Now, Zoom News
This mega initial public offering from Jio Platforms was a massive issue valued at a total of 30,213 crores.
Independent sources: 2 · Zoom News, Times Now
The management has explicitly clarified that out of the total proceeds generated, an amount of up to 27,500 crores will be utilized specifically to repay the existing debt of its subsidiary company, Reliance Jio Infocomm Limited.
Independent sources: 2 · Zoom News, Times Now
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The same group number means one site, one wire agency or a near-verbatim reprint: such articles count as one independent source.

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