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Jio Platforms IPO Subscribed 22x, Set for Listing

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Insights by Echo AI

Jio Platforms' initial public offering (IPO) witnessed overwhelming response, with the ₹30,213 crore issue subscribed 22.2x. The issue, priced at ₹1,119 per share, received bids for 655.68 crore shares against 27 crore on offer. The listing is scheduled for October 28, with grey market trading indicating a 22% premium.

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10 Sources

  1. Business Line avatar

    Business Line

    RSS / @thehindubusinessline.com/feeder/default.rss

    Jio Platforms IPO draws record ₹7 lakh crore in bids, subscribed 22.2...

  2. Business Line avatar

    Business Line

    RSS / @thehindubusinessline.com/feeder/default.rss

    Jio Platforms IPO draws record ₹7 lakh crore in bids, subscribed 22.2...

  3. Times Now avatar

    Times Now

    X / Twitter / @TimesNow

    Jio Platforms IPO has made global history, receiving a record 1.39 cro...

  4. Times Now avatar

    Times Now

    X / Twitter / @TimesNow

    Jio Platforms IPO has made global history, receiving a record 1.39 cro...

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