IPO GMP Today (28 Oct): Jio Lists at 22%, BLS Leads Open Issues
Wednesday, 28 October 2026 is the biggest listing day of the week for India's primary market. Jio Platforms — India's largest-ever IPO at ₹30,213 crore — makes its stock market debut today, alongside Paras Healthcare. In the grey market this morning, Jio commands a premium of around ₹245–248 over its ₹1,119 issue price, implying an estimated listing price near ₹1,364–1,367, or roughly 22% above the issue price. Among issues still open for subscription, BLS Polymers is the clear leader with a grey market premium of about ₹44–45 (around 30%).
Important: All grey market premium (GMP) figures in this article are unofficial, market-reported, and subject to change. GMP is not regulated, is not an exchange price, and does not guarantee the actual listing price.
Jio Platforms Lists Today: GMP Around ₹245–248
Jio Platforms fixed its final issue price at ₹1,119 per share, the top of its ₹1,065–1,119 price band. The IPO was subscribed 22.19 times overall, with qualified institutional buyers bidding 70.55 times their portion, non-institutional investors 14 times, and retail investors 2.72 times. Total demand including anchor allocation crossed ₹7 lakh crore, according to CNBC-TV18.
Brokerage voices tracked by Financial Express ahead of the debut were upbeat: Motilal Oswal's Sneha Poddar pointed to strong institutional demand and a tightly constrained free float of around 3%, while Elixir Equities' Dipan Mehta expected a listing gain of ₹150–250 per share, calling the issue slightly underpriced versus Bharti Airtel. At the issue price, Jio Platforms carries an implied market capitalisation of about ₹10.3 lakh crore.
For a full listing-day preview, see our Jio Platforms IPO listing preview for 28 October.
Paras Healthcare Lists Flat at Around 2%
Paras Healthcare also debuts on BSE and NSE today. Its ₹1,450 crore IPO (₹660–693 per share) was subscribed 2.34 times, with allotment finalised on 26 October. This morning's grey market premium is just ₹12–13, implying an estimated listing price of about ₹705–706 — barely 2% above the issue price. The premium has faded sharply from around ₹83 on 14 October, a sign of cooling grey-market enthusiasm for the hospital chain's debut.
Morning GMP Table: All Active IPOs on 28 October
| IPO | Price Band (₹) | GMP Today (₹)* | Est. Listing Price (₹) | Implied Gain | Status |
|---|---|---|---|---|---|
| Jio Platforms | 1,065–1,119 | 245–248 | 1,364–1,367 | ~22% | Lists today |
| Paras Healthcare | 660–693 | 12–13 | 705–706 | ~2% | Lists today |
| BLS Polymers | 142–150 | 44–45 | 194–195 | ~29–30% | Open, closes 29 Oct |
| SFC Environmental Technologies | 313–330 | 22 | 352 | ~6.7% | Open, closes 29 Oct |
| EAAA India Alternatives | 1,585–1,665 | 10–20 | 1,675–1,685 | ~1% | Closes today |
| Ajwa Projects (SME) | 203 (fixed) | 38 | 241 | ~18.7% | Opens today |
| M.K. Sons Fine Jewels | 153–162 | 8–10 | 170–172 | ~5–6% | Opens today |
| Carver Roboweld (SME) | 76–80 | 0 | 80 | Flat | Opens today |
| Wiscon Industries (SME) | 194–204 | 0 | 204 | Flat | Open, closes 29 Oct |
| Bombay Coated & Special Steels | 78–82 | 9 | 91 | ~11% | Opens 29 Oct |
* GMP figures are unofficial grey-market quotes compiled from multiple tracker sites on the morning of 28 October 2026; different trackers quote slightly different values. Treat them as indicative only.
Subscription Status: BLS at 9.62x, EAAA Struggles at 0.35x
As of the close of bidding on 27 October, BLS Polymers was subscribed 9.62 times overall (QIB 12.03x, NII 13.01x, retail 6.79x) — the strongest demand among open issues. SFC Environmental Technologies stood at just 0.10x, and Wiscon Industries at 0.91x. EAAA India Alternatives, the ₹1,200 crore Edelweiss-group alternative asset manager IPO, was at 0.35x heading into its final day today; its grey market premium has collapsed from ₹121 on 24 October to around ₹10–20 now.
Three IPOs Open Today: M.K. Sons, Ajwa Projects, Carver Roboweld
- M.K. Sons Fine Jewels — Mainboard, ₹275.4 crore (₹153–162 per share), opens today and closes 30 October. Grey market premium around ₹8–10 (~5–6%).
- Ajwa Projects — BSE SME civil construction issue at a fixed price of ₹203 per share (₹38.05 crore), opens today and closes 30 October. Grey market premium around ₹38 (~18.7%) — the strongest of today's debutantes.
- Carver Roboweld — BSE SME industrial products issue (₹76–80 per share, ₹28.29 crore fresh issue), opens today and closes 30 October, with no grey market premium so far.
Tomorrow, Bombay Coated & Special Steels (₹183.06 crore, ₹78–82) and Antala Industries (₹23.33 crore, ₹63–67) open for subscription. See our upcoming IPOs this week (26 Oct–2 Nov) roundup for the full calendar.
Key IPO Dates for 28 October 2026
| Date | Event |
|---|---|
| 28 Oct | Jio Platforms listing (BSE, NSE) |
| 28 Oct | Paras Healthcare listing (BSE, NSE) |
| 28 Oct | EAAA India Alternatives IPO closes (final day) |
| 28 Oct | M.K. Sons Fine Jewels, Ajwa Projects, Carver Roboweld open |
| 29 Oct | BLS Polymers, SFC Environmental, Wiscon close; Bombay Coated, Antala open |
| 30 Oct | M.K. Sons, Ajwa, Carver close; SFC allotment expected |
| 2 Nov | EAAA India Alternatives tentative listing |
| 3 Nov | BLS Polymers, SFC Environmental tentative listing |
FAQs
What is Jio Platforms' GMP today?
Jio Platforms' grey market premium on the morning of 28 October 2026 is around ₹245–248 over the ₹1,119 issue price, implying an estimated listing price of about ₹1,364–1,367 (~22% gain). GMP is unofficial and may change before listing.
What time does Jio Platforms list today?
Jio Platforms lists on BSE and NSE on Wednesday, 28 October 2026, with trading beginning at 10:00 AM IST after the pre-open session.
Which open IPO has the highest GMP today?
Among issues still open for subscription, BLS Polymers leads with a GMP of about ₹44–45 (~29–30% over its ₹150 upper price band). Among today's new openings, Ajwa Projects leads at around ₹38 (~18.7%).
Does EAAA IPO close today?
Yes. EAAA India Alternatives' ₹1,200 crore IPO closes today, 28 October 2026. It was subscribed only 0.35x as of 27 October, with a GMP of around ₹10–20.
Is GMP a reliable predictor of listing price?
No. GMP reflects unofficial, unregulated grey-market trading and sentiment. It often moves in the right direction but frequently overstates or understates the actual listing price — Paras Healthcare's premium fading from ₹83 to ₹12 before listing is a good example. Always check fundamentals, subscription data, and valuations before applying.
Conclusion
Today's market is dominated by Jio Platforms' debut — a ~22% grey market premium on India's biggest IPO ever — while Paras Healthcare looks set for a flat start. Among open issues, BLS Polymers remains the standout with a ~30% premium and 9.62x subscription, while EAAA's weak close and SFC's slow start show investors are being selective. With three new issues opening today and two more tomorrow, the primary market stays busy into the end of the week — but the message from the grey market is clear: quality and pricing matter more than ever. Yesterday's roundup is here: IPO GMP Today (27 Oct): BLS Opens at 27%, Jio Lists Tomorrow.