Jio Platforms lists on NSE and BSE after Rs 30,213 crore IPO, India’s largest issue

Jio Platforms lists on the National Stock Exchange of India NSE and the Bombay Stock Exchange BSE on Wednesday after India’s largest IPO, at Rs 30,213 crore.
The IPO was subscribed 22.19 times overall, driven by strong institutional bidding despite modest retail participation.
Successful retail applicants received one lot of 12 shares priced at ₹13,428 at top price band.
Jio will allocate up to ₹27,500 crore from proceeds to repay Reliance Jio Infocomm’s debt.

Get 100 stories a day on the app Read, watch & listen · Free on iOS & Android

Newer