Jio Platforms IPO draws strong investor interest ahead of public issue

Jio Platforms, the digital services arm of Reliance Industries, has announced the details for its highly anticipated initial public offering, moving forward with plans to tap capital markets. The company has set a price band for the share sale, with grey market premium indicating robust demand from investors.

On Thursday, Jio Platforms shares traded at ₹1,319 in the grey market, representing a premium of ₹200 per share over the upper end of the announced price band. This translates to an implied premium of approximately 17.87 per cent, suggesting strong market confidence in the offering.

The grey market premium reflects investor expectations ahead of the public issue, though final share allocation will depend on subscription levels and the company's final pricing decision within the announced band. The IPO represents a significant milestone for Jio Platforms, which has emerged as a key growth driver for Reliance Industries through its digital services portfolio.

The formal launch of the share sale is expected to commence shortly, with retail and institutional investors anticipated to participate in the offering. The IPO comes at a time when technology and digital services companies have attracted considerable investor interest in Indian capital markets.