Reliance Industries Shares Rise 2% as Jio Platforms IPO Fully Subscribes
Jio Platforms’ Rs 30,213-crore IPO achieved full subscription 100 minutes after opening, which the report says set a record for the fastest subscription of a public issue.
Story updates
07:32:45 AM UTC
SquawkNews
Mumbai, Oct. 21 -- Jio Platforms Limited's initial public offering (IPO) was fully subscribed in 100 minutes of bidding on Wednesday, the opening day of the issue, driven by strong demand from qualified institutional buyers (QIBs), according to exchange data.The IPO was subscribed 1.27 times at the…
Shares of Reliance Industries climbed 2 per cent on the stock exchanges on Wednesday as its digital arm Jio Platforms’ Rs 30,213-crore initial public offering achieved full subscription in just 100 minutes of opening, setting a record for the fastest subscription of a public issue.The scrip of Reli…