Jio Platforms IPO Day 1 Highlights: Jio Platforms IPO Day 1 Live: Issue subscribed 1.27x, QIB portion 3.86x
Jio Platforms IPO GMP Day 1 Highlights:: Jio Platforms IPO Jio Platforms’ ₹30,213-crore IPO opens for subscription on October 21 and closes on October 23.
Jio Platforms' ₹30,213-crore initial public offering (IPO) saw strong investor interest on its first day of bidding. The company's shares were subscribed 1.27 times on Day 1, with qualified institutional buyers (QIBs) subscribing at a rate of 3.86 times. Non-institutional investors (NII) and retail investors subscribed at significantly lower multiples of 0.42 and 0.33, respectively. Overall, the IPO received bids for 28.58 crore shares against 19.75 crore shares offered across investor categories.
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