Jio IPO subscribed 3.16 times on day one
Jio Platforms' initial public offering (IPO) was subscribed 3.16 times on its opening day, with qualified institutional buyers (QIBs) bidding 9.42 times the reserved shares. The total shares on offer were 19.75 crore, attracting demand for 62.36 crore shares. The IPO aims to raise around ₹30,000 crore, making it one of India's largest public offerings.