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Jio IPO closing tomorrow

Hello Hive Fam

Good day to you all, and I hope you're having a good time wherever you are.

I have not invested in an IPO for the last few months because I was not coming across any good project. But now there is one IPO which is open for subscription, and it is from one of the biggest telecom companies in India. The name is Jio, and Jio is the top company in India in terms of its number of subscribers. The company has got over 50% market share, and this market share is more than 50%. In the remaining 50%, there are three other companies having the share, whereas the government company is also there, having very little market share.

This IPO was awaited for a long time, and finally it is here. I'll be applying for it tomorrow because tomorrow is also the last day for subscription. I can see that this is oversubscribed by 13x, which I think is good. By the time it ends, I am hoping that this rate of subscription will grow because maybe there are many people who are still waiting and they want to apply on the last day. The process is very easy and can be done through the application from many brokerage companies who are providing this stock trading.

I have not been lucky enough this year to get any allotment in the IPO, but still, I will try. I hope that if I get the opportunity to get the allotment of the IPO, it is going to be a profitable deal (because I'm expecting some profitable listing of the stock in the market). However, it is the market, and things can go the other way round also. But if I talk about the overall company's growth and its plan for the next few years, it looks promising.

The company is also working on some projects which are future-oriented. For example, they are focusing on 6G and planning to launch it in a year or two. Satellite internet is another big product they are going to launch in 2027, hopefully.

Let's hope I get the allocation of this IPO. This is going to happen within 3 days after the subscription window closes. Let's see how it goes and whether I am lucky enough to get some profit here, but I'll be trying it for sure. thank you.

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Comments · 5

@behiver(78)· 16h
I missing getting on some good IPOs... good luck!
@sequentialvibe(68)· 20h
honestly had no idea Jio was sitting on more than half the market, that IPO has been rumored forever so it's nice to see it actually happening.
@helalgrowth2(49)· 20h
Thanks for sharing such a detailed and insightful review of the Jio IPO, @finpulse. Given its massive market share and strong backing, it's definitely one of the most talked-about offerings right now. Wishing you good luck—hope you get the allotment this time!
@indiaunited(71)· 20h
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@steemflow(81)· 20h
All the best dear....the GMP is 20% . But the company is using the fund to pay their debts. I doubt if it is going to be so successful ...