Jio IPO Day 2: GMP at 22%, issue subscribed over 3.16; check brokerage views and key details

Jio Platforms’ Rs 30,213 crore IPO entered Day 2 with a grey market premium of around 22%. The issue, priced at Rs 1,065–1,119 per share, closes on October 23. At the upper end, Jio is valued at around Rs 10.3 lakh crore, with brokerages citing its telecom dominance, improving profitability and growth prospects in broadband and AI.