BusinessPhoto: FirstpostJio IPO Becomes Fastest-Subscribed Mega-IPO in India
Jio Platforms’ Rs 30,213-crore IPO was fully subscribed in under 100 minutes, making it the fastest-subscribed mega-IPO in India. The issue, the largest IPO by size in India, saw strong demand from institutional investors, especially qualified institutional buyers. The anchor book raised Rs 8,110 crore with bids exceeding Rs 2.5 lakh crore, over 30 times the offer. Proceeds will reduce debt at Reliance Jio Infocomm.
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