BusinessPhoto: Mint MarketsJio Platforms IPO Receives Record 10 Million Applications
Jio Platforms Ltd's IPO attracted over 10 million applications in three days, the highest ever in India, with bids totaling ₹4.9 trillion. The ₹30,213-crore offering was subscribed 22.19 times by Friday, with strong demand from institutional and retail investors. Foreign institutional investors bid ₹1.39 trillion, subscribing 25 times their reserved shares despite net selling in the secondary market. The IPO was fully subscribed within 100 minutes on October 21.
Mint Markets·


