India, Oct. 9 -- The grey market is signalling strong demand for the Jio Platforms IPO, India's biggest public issue to date, a day before bidding opens. The grey market premium (GMP) stood at Rs. 251 on Monday afternoon, according to InvestorGain. GMP Points to a 22% Listing Gain

With a maximum price of Rs. 1,119, a guaranteed minimum price (GMP) of Rs. 251 means that the estimated listing price is Rs. 1,370, which represents a premium of approximately 22.43%. For a retail investor who is applying for one lot consisting of 12 shares, the estimated gain amounts to Rs. 3,012.

The trend has continued to go up: on October 4 the GMP was Rs. 148 and has since increased by Rs. 103 over 16 sessions, about 73% of which were positive. It reache...