Record haul: Jio IPO collects Rs 7.5 lakh crore; nearly 1.3 crore investors make bids

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In the unofficial market, speculators are betting that the company will be listing at about Rs 1,370, a mark-up (also called the grey market premium or GMP) of about Rs 250 over the upper limit of the IPO price band of Rs 1,065 to Rs 1,119. The current GMP is slightly off Rs 273, the highest level…