Jio IPO Listing: The mega Initial Public Offering (IPO) of Jio Platforms Limited has become a major topic of discussion among investors. With the share allotment process now complete, those who did not receive an allotment are closely monitoring the company’s stock exchange debut. The company is set to list on the NSE and BSE on October 28. A key question for investors is whether they should purchase shares on the day of listing or wait for a potential dip in the price. This has become a significant matter for investors.

Strong Subscription Figures

According to data from the National Stock Exchange, the Rs 30,188 crore IPO—which was open from October 21 to October 23—was subscribed 22.19 times. This clearly indicates the immense demand for the issue across all categories of investors. The company has set the final issue price at Rs 1,119 per share, with the IPO comprising a fresh issue of 27 crore shares. Those who did not receive an allotment, or were unable to apply, will now have the opportunity to acquire a stake in the company through the secondary market. However, market experts advise investors to keep a close watch on the stock's movement before entering the market.

Expected Listing Premium

Fundamental analyst Ambarish Baliga notes that institutional demand for the Jio IPO was significantly higher than anticipated. It remains to be seen whether this demand will persist in the secondary market following the listing; if it does, the stock could climb even higher. While the 'grey market' currently suggests a premium of around 20–22 percent, Baliga—considering the large size of the issue—expects a more modest listing premium of 8–10 percent. He has advised investors to avoid buying the stock indiscriminately if it opens significantly higher. Those who did not receive an allotment could consider purchasing the stock near the IPO price if a correction occurs following an initial surge. Baliga also notes that given the large size of this IPO, there may be selling pressure post-listing as investors look to book profits.

The Right Time to Buy

Avinash Gorakshakar, founder of Mentor Research Services, has offered a similar perspective. He suggests that investors who did not receive an allotment should wait for the stock to stabilize rather than jumping in immediately during the initial trading sessions. According to him, the stock might see a sharp rise right after listing, but this could be followed by profit-booking. Gorakshakar advises those who missed out on the IPO to track the stock's volatility during the early sessions before making any firm investment decisions.

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