BUSINESSThe Economic Times · 3 hours agoLive
Jio IPO delivers smaller payday for bankers than other mega offerings
Reported by The Economic Times, not nibnow. We are not the publisher of this story, only the source is.
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WHAT HAPPENED
In a landmark move, Jio Platforms, supported by Mukesh Ambani, successfully secured ₹30,213 crore, marking the largest IPO in India’s history. Investment bankers were rewarded with ₹196 crore in fees, translating to only 0.65% of the total amount raised. In contrast, Hyundai Motor India achieved ₹27,859 crore while paying out a heftier ₹493 crore in fees, which amount to 1.77%.
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