From Coinpedia · By Anjali Belgaumkar
Jio Platforms shares carried a grey market premium of ₹247 on listing morning, pointing to an opening price near ₹1,366, about 22.07% above the ₹1,119 issue price. Expectations are much weaker for Paras Healthcare, the other company listing on Wednesday, whose grey market premium stood at just ₹13 as of October 27. Paras Healthcare’s ₹1,450 crore issue was subscribed only 2.23 times, compared with 22.19 times for Jio. The grey market is unofficial, and listing prices are set by buy and sell orders in the pre-open session from 9 am. Regular trading in both stocks begins at 10 am on NSE and BSE.
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