Jio Platforms IPO grey market premium rises ahead of October launch

The grey market premium for Reliance Industries' digital unit, Jio Platforms, rose to ₹160 as of Monday amid strong investor interest.

The telecom major is scheduled to launch its IPO on October 21 to raise about $3.8 billion in what is projected to be India's biggest listing.

The company plans to issue up to 27 crore fresh equity shares, representing about 2.9% of its post-issue paid-up equity capital.