ECONOMYEconomic Times Markets · 4 hours agoLive
Friday blockbuster for Jio IPO: Rs 7.4 lakh crore bids, 22x subscription
Reported by Economic Times Markets, not nibnow. We are not the publisher of this story, only the source is.
No additional analysis available for this story yet.
WHAT HAPPENED
Jio Platforms has experienced a surge in demand for its initial public offering, garnering roughly ₹7.41 lakh crore in bids. The subscription soared to 22.19 times, mainly due to robust involvement from institutional investors, including domestic mutual funds and foreign entities. This enthusiasm contrasts with current trends in the secondary market, and shares are scheduled for listing on October 28, showcasing Jio's strides in the digital and telecommunications arenas.
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