Jio IPO draws ₹7.41 lakh crore in bids, 22.19x subscribed
In short
Jio Platforms’ IPO got about ₹7.41 lakh crore in bids and was subscribed 22.19 times. The demand came mainly from institutional investors such as domestic mutual funds and foreign investors.
The shares are scheduled to list on October 28. It is still unknown how the stock will trade after listing.
What the reporting says
Jio Platforms’ initial public offering drew about ₹7.41 lakh crore in bids and was subscribed 22.19 times, with strong participation from institutional investors including domestic mutual funds and foreign entities. The report says shares are scheduled to list on October 28. The surge signals strong demand for the offering, while the source does not state the final pricing, allocation details or post-listing performance.
Why it matters
Jio Platforms’ IPO saw roughly ₹7.41 lakh crore in bids and 22.19 times subscription, driven mainly by institutional investors. The report says the shares are set to list on October 28. That makes the offering important for IPO markets and telecom/digital investors, but the source does not provide final pricing or say how the stock will perform after listing.