BusinessPhoto: News18Jio IPO Fully Subscribed; QIB Demand 3.68x, Retail Low
Jio Platforms' IPO was fully subscribed within hours, driven by strong demand from qualified institutional buyers (QIB) who subscribed 3.68 times. Retail investors lagged with only 0.26 times subscription. Major investors like LIC and the Government of Singapore backed the offering, valued at around $100 billion. Institutional interest is high, but retail participation remains low as bidding continues.
News18·




