Jio IPO’s GMP rises to 22% as India’s largest ever issue set to open on October 21. Should you subscribe?

Jio Platforms’ Rs 30,200 crore initial public offering (IPO) is attracting a grey market premium of Rs 245, implying a potential listing gain of 22% over the upper end of its price band. Strong demand ahead of the issue is accompanied by subscription recommendations from brokerages, which cite the c