BusinessPhoto: News18 BusinessJio Platforms IPO First Globally to Cross 1 Crore Applications
Jio Platforms' IPO became the first public offer worldwide to exceed one crore applications, surpassing the previous global record of about 97 lakh set by Waaree Energies. By midday Friday, bids for 136.32 crore shares were received against 19.75 crore shares on offer, a nearly sevenfold subscription. Institutional investors led demand, with Qualified Institutional Buyers bidding 14.46 times their reserved shares.
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