Jio IPO Closes with 22.19 Times Subscription, Largest in India
Jio's IPO, which closed on October 23, received an overwhelming response with subscriptions reaching 22.19 times the shares offered. This makes it India’s largest-ever IPO, surpassing Hyundai Motor India’s Rs 27,870-crore issue in 2024. Grey market premium signals over 22% listing gains, with investors eagerly awaiting allotment and listing dates.
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