Jio’s record-breaking IPO surpasses a milestone held by an Indian company

• Jio Platforms’ IPO has crossed 1 crore applications, the first public offer anywhere to do so.
It beats the previous record of about 97 lakh applications, set by Waaree Energies.
The issue was subscribed about 7.8 times. Institutional investors bid 16.27 times their portion.
Retail was the slowest at 2.02 times. The shares are expected to list on 28 October.

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