Jio Platforms IPO Creates History, Crosses 1 Crore Applications As Bidding Continues Till 7 PM
Mumbai: Jio Platforms' initial public offering (IPO) has crossed the historic milestone of 1 crore applications, becoming the first public issue globally to achieve the feat, according to information shared by the company. The milestone was reached with five hours remaining before the subscription window closes at 7 PM on Friday, October 23, indicating strong investor participation in one of…
Mumbai: Jio Platforms' initial public offering (IPO) has become the first global public issue to achieve a historic milestone of 1 crore applications, according to company information. The application window closed at 7 PM on Friday, October 23, with five hours remaining. The record-setting number of applications indicates strong investor interest in Jio Platforms, one of India's most closely followed public offerings.
The achievement outpaces the previous global record of around 97 lakh applications received by Waaree Energies during its public issue. This milestone underscores the expanding participation of individual investors in India's equity markets, facilitated by digital investment platforms and easier access to IPO applications.
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