Jio IPO tops 1 crore applications before Oct. 23 close
In short
Jio Platforms has received over 1 crore applications, which the source says is a global first for a public issue. The Rs 30,213-crore IPO was subscribed 7.49 times by 12:36 pm on Friday, and it closes on October 23.
This shows very strong investor interest, especially from big institutions and non-institutional buyers. The final subscription total and allotment result are still not known.
What the reporting says
Jio Platforms has received over 1 crore applications, making it the first public issue globally to cross that level ahead of its October 23 closing. The publisher-supplied summary says the Rs 30,213-crore issue was subscribed 7.49 times by 12:36 pm on Friday, led by qualified institutional buyers and non-institutional investors. The final subscription and allotment outcome is still unknown.
Why it matters
Jio Platforms’ IPO drew over 1 crore applications and was 7.49 times subscribed by 12:36 pm on Friday, according to the publisher-supplied summary. The Rs 30,213-crore issue was still open until October 23, with demand led by qualified institutional buyers and non-institutional investors. The reporting points to unusually heavy interest, but the final closing figures and allotment details are not yet stated.