The investor who was lucky enough to win Jio Platforms Ltd's US$3.1 billion and set India's record IPO. The unofficial dark market deal made the market expect the stock to rise sharply on the first day of listing. The telecom digital giant, owned by the wealthy Mukesh Ambani, was actively subscribed by various investors before it went public on October 28. Investors who received their share of the placement on Tuesday are closely watching Jio's dark market premium to predict the market for the first day. According to data from the ipowatch.in and investorgain.com platforms, the stock's undermarket premium has stabilized at around 22% for the past ten days, which is unusually resilient for an offering of this scale. The dark market premium is not regulated and does not represent the actual transaction price of a stock after it is officially listed on an exchange. But in India, it is widely viewed as a weather vane for demand and listing sentiment. If this premium level continues until listing, Jio will become India's second-highest company by market capitalization, after parent company Reliance Industries, and competitor Batty Telecom retreats to third place. This expectation further heated up the popularity of this IPO, which set a new record in India's capital market. Jio has attracted over $78 billion in subscription capital, and the number of subscription applications is close to 14 million. It is one of India's high-profile listing projects.

The investor who was lucky enough to win Jio Platforms Ltd's US$3.1 billion and set India's record IPO. The unofficial dark market deal made the market expect the stock to rise sharply on the first day of listing. The telecom digital giant, owned by the wealthy Mukesh Ambani, was actively subscribed by various investors before it went public on October 28. Investors who received their share of the placement on Tuesday are closely watching Jio's dark market premium to predict the market for the first day. According to data from the ipowatch.in and investorgain.com platforms, the stock's undermarket premium has stabilized at around 22% for the past ten days, which is unusually resilient for an offering of this scale. The dark market premium is not regulated and does not represent the actual transaction price of a stock after it is officially listed on an exchange. But in India, it is widely viewed as a weather vane for demand and listing sentiment. If this premium level continues until listing, Jio will become India's second-highest company by market capitalization, after parent company Reliance Industries, and competitor Batty Telecom retreats to third place. This expectation further heated up the popularity of this IPO, which set a new record in India's capital market. Jio has attracted over $78 billion in subscription capital, and the number of subscription applications is close to 14 million. It is one of India's high-profile listing projects.