Jio Platforms IPO Draws Record ₹7 Lakh Crore Demand
The ₹30,213-crore IPO received more than 1.38 crore applications and was subscribed 22.2 times, the report says.
Jio Platforms’ initial public offering (IPO), valued at ₹30,213 crore, drew demand of more than ₹7 lakh crore and received over 1.38 crore applications, setting a global record for investor participation in a public offering. The offering closed on Friday and was subscribed 22.2 times, with investors placing bids…