Jio IPO fires up market, subscribed 22 times over
Jio Platforms' initial public offering (IPO) closed with a record subscription of 22.19 times, attracting bids worth over ₹4.90 lakh crore. Institutional investors led the demand, with qualified institutional buyers bidding 70.55 times their quota. The IPO's final price is expected to be set at ₹1,119 per share, reflecting strong market interest.