Jio IPO Tops QIB Demand Among India's Largest Issues
Jio Platforms' Rs 30,213-crore IPO received 12.87 times subscription from Qualified Institutional Buyers (QIBs), surpassing the National Stock Exchange's institutional demand record. By the second day, the overall subscription reached 5.36 times. The IPO also saw a strong grey market premium and positive recommendations from brokers, highlighting robust investor interest.
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