By the final day of the subscription period, the Jio Platforms IPO was oversubscribed 22.19 times, with the portion reserved for qualified institutional investors oversubscribed 70.55 times.
According to data from the Bombay Stock Exchange (BSE), the IPO of Jio Platforms—the digital services arm of Reliance Industries—was subscribed 22.19 times by the end of its third and final day. Investors placed bids for 4.3826 billion shares, against an offering of 197.5 million shares. Qualified Institutional Buyers (QIBs) led the demand, subscribing to … Read more