World record: Jio Platforms IPO becomes first ever issue globally to receive over 1 crore applications
Jio Platforms Ltd's initial public offering (IPO) became the first globally to receive over 1 crore applications on its closing day. The $3.2 billion issue was subscribed nearly 7 times, with investors bidding for over 147 crore shares against the 19.75 crore offered. This milestone reflects significant investor interest in the company.