BusinessPhoto: News18 BusinessJio Platforms IPO Subscribed 3.2x on Day One, QIB Portion 9.4x
Jio Platforms Ltd's Rs 30,213-crore IPO received strong investor demand on October 21, with overall subscription at 3.2 times. The qualified institutional buyers (QIB) segment was oversubscribed 9.42 times, making it the fastest mega-IPO to fully subscribe in about 100 minutes. Non-institutional investors, employees, and shareholders also exceeded their allocation bids.
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