Jio IPO Sets New Records
The IPO of Jio Platforms Limited—a subsidiary of market giant Reliance Industries, focused on telecom and digital services—has set new records. The mega IPO, which concluded on Friday, was subscribed 22.19 times. Bids were received for 4.383 billion (438.3 crore) shares against an offering of 197.5 million (19.75 crore) shares. The value of these bids stood at Rs 4.9 lakh crore. Including the Rs 2.5 lakh crore in bids from anchor investors, the total value of bids reached a record-breaking Rs 7.4 lakh crore.
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