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Jio IPO Subscribed 2.5 Times On Day 1, Rs 30,213 Crore Mega Issue Sees Strong Institutional Demand

Jio IPO Subscribed 2.5 Times On Day 1, Rs 30,213 Crore Mega Issue Sees Strong Institutional Demand
Photo: Free Press Journal · view original

Mumbai: Jio Platforms' Rs 30,213 crore Initial Public Offering (IPO), India's largest-ever public issue, witnessed strong investor demand on Wednesday, October 21. The issue was subscribed 2.5 times on the first day of bidding, driven primarily by qualified institutional buyers (QIBs). Jio IPO Su...

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