Jio Platforms IPO Fully Subscribed in Less Than Two Hours
Jio Platforms’ USD 3.2 billion IPO was fully subscribed in less than two hours on Wednesday. The company is seeking a USD 108.3 billion valuation.
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04:34:38 PM UTC
SquawkNews
Institutional bids drive early subscription as the Rs 30,213 cr issue remains open until 23 OctoberJio Platforms’ Rs 30,213 cr initial public offering (IPO) was fully subscribed on the first day of bidding on 21 October 2026, led by strong demand from qualified institutional buyers (QIBs). The issu…
Mukesh Ambani’s telecom and digital services company seeks a valuation of USD 108.3 billion as institutional demand outpaces retail bids on the opening dayJio Platforms’ USD 3.2 billion initial public offering was fully subscribed in less than two hours on Wednesday, as investors rushed to particip…