1. Jio IPO crosses 10-times subscription on final day, attracting massive investor demand

Jio IPO crosses 10-times subscription on final day, attracting massive investor demand

Business

  • Jio Platforms' ₹30,213 crore IPO closes for bidding on October 23.
  • IPO received bids exceeding 10 times the available shares, showing strong investor interest.
  • Institutional investors led demand, subscribing 26.5 times their quota, while retail subscriptions reached 2.3 times.
  • Shares are priced between ₹1,065 & ₹1,119, with allotment expected October 26 & stock market listing October 28.

Source: reuters.com

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