BusinessPhoto: News18 BusinessJio Platforms IPO Sets 5 Records with Rs 30,213-Crore Fast Subscription
Reliance Industries-backed Jio Platforms Ltd launched India’s biggest-ever IPO worth Rs 30,213 crore, achieving full subscription by 10:36 am on October 21. The IPO was subscribed 1.28 times by 11:30 am, with strong demand from qualified institutional buyers, who subscribed 3.86 times their quota. Retail and non-institutional investors showed lower subscription levels. This IPO surpassed recent mega-IPOs like Hyundai Motor India and LG Electronics India.
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