BusinessPhoto: Firstpost BusinessJio IPO Sees Strong Institutional Demand, Raises Over Rs 8,100 Crore
Jio Platforms' Rs 30,213-crore IPO opened with strong demand from domestic and global institutional investors. Within the first hour, 83% of shares were bid for, with qualified institutional buyers subscribing 2.86 times by 10 am. The IPO follows an anchor round raising Rs 8,109.85 crore from 212 investors. Valued at about Rs 10.3 lakh crore, the issue closes October 23, with allotment on October 26 and listing on October 28.
Firstpost Business·


