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The latest gray market price before the listing of Jio is out
Coinpedia
1h ago
Ai Focus
On the morning of its listing, Jio Platforms had a grey market premium of 247 rupees, suggesting that the opening price might be close to 1,366 rupees, which is about 22.07% higher than the issue price of 1,119 rupees. In contrast, Paras Healthcare, which will also be listed on Wednesday, has a grey market premium of only 13 rupees, indicating that market expectations as of October 27th are significantly weaker.
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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.

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