Jio Platforms IPO fully subscribed in 100 minutes
In short
Jio Platforms’ IPO was fully subscribed in 100 minutes after opening. The issue stays open until October 23, and the reporting says it may pass Hyundai Motor India’s ₹27,870-crore 2024 IPO.
This matters because very fast subscription can show heavy investor demand. The reporting does not say how much more demand there was after that first 100 minutes.
What the reporting says
Jio Platforms’ IPO was fully subscribed within 100 minutes of opening, according to publisher-supplied reporting. The issue remains open until October 23 and is said to be set to exceed Hyundai Motor India’s ₹27,870-crore 2024 IPO. The reporting does not provide the final oversubscription level or confirm the closing outcome.
Why it matters
Jio Platforms’ IPO was reported as fully subscribed within 100 minutes of opening, and the issue stays open until October 23. The reporting also says it is set to exceed Hyundai Motor India’s ₹27,870-crore 2024 IPO in size. What is not stated is the final subscription figure, the closing demand, or whether the size comparison holds after the issue closes.