BUSINESSTimes of India Business ยท 1 day agoLive
Jio IPO subscribed over 5x as institutions bid big
Reported by Times of India Business, not nibnow. We are not the publisher of this story, only the source is.
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WHAT HAPPENED
At the close of Day 2, the total demand for Jio shares was worth about Rs 3.7 lakh crore, including the anchor portion. On Thursday, the institutional (QIB) part of the IPO, in which a little over 4.9 crore shares were offered, was subscribed nearly 13.3 times, while the HNI portion, in which about 3.6 crore shares were reserved, was subscribed six times.
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