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IPOs

Allotted Jio Shares? Here’s How Much You Could Earn on Listing Day

10 days ago · Lumic

Jio IPO allotment holders expect nearly 22% gain based on grey market price for listing day
Lumic
10 days ago
Allotted Jio Shares? Here’s How Much You Could Earn on Listing Day
IMPACT BULLETS
Jio IPO allotment holders expect nearly 22% gain based on grey market price.
One lot of 12 shares bought at Rs 1,119 each could be worth Rs 1,365 per share on listing.
Based on the reported GMP, one allotted lot could generate an estimated ₹2,952 profit if the implied listing price
Jio overtakes Airtel mkt cap on debut day at 1400/- share
India Today·10 days ago

This Fin Shorts story delves into the potential listing day gains for those who secured shares in the recent Jio allotment. With Jio surpassing Airtel's market cap on its debut, investors are keen to understand the financial implications. The news highlights grey market premium (GMP) trends, suggesting an expected gain of nearly 22% for allotted shares. For instance, a single lot of 12 shares, acquired at Rs 1,119 each, might see its value climb to approximately Rs 1,365 per share upon listing. This could translate into an estimated profit of ₹2,952 per lot, based on current GMP figures. Stay tuned to Lumic for more insights on Indian stock market performance and new company debuts.

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