BusinessPhoto: AajTakJio IPO Shows Strong Demand Before Opening, Subscriptions 30 Times
Jio's IPO has received a strong response before its opening, with an anchor book of ₹8,110 crore and subscriptions 30 times oversubscribed, totaling bids worth ₹2.5 lakh crore. Major investors like BlackRock, SBI, LIC, HDFC MF, and SBI MF have committed funds. The IPO opens on October 21, signaling strong market interest in Jio's future plans including AI and broadband.
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