The Economic Times

Jio IPO opens with a bang, issue gets fully booked as QIBs drive demand. Check GMP

Mukesh Ambani-led Jio Platforms IPO saw strong demand on Day 1. The IPO commanded a grey market premium (GMP) of around 25%, while brokerages remained optimistic, citing Jios telecom leadership, improving profitability and growth opportunities in broadband and artificial intelligence (AI).