BusinessPhoto: HT BusinessJio Platforms IPO QIB Portion Fully Subscribed at Over 2x Demand
Jio Platforms' IPO saw the Qualified Institutional Buyers (QIB) portion fully subscribed at over 2.86 times demand within minutes of opening on Wednesday. The QIB portion includes 49,007,827 shares, with bids reaching 1x in 10 minutes and 2x in under 30 minutes. The IPO aims to raise about ₹30,213 crore through a fresh issue, potentially becoming India's largest IPO by value, surpassing Hyundai Motor India's ₹27,870 crore IPO.
HT Business·


