Jio IPO fully subscribed in 100 minutes on strong institutional demand
In short
Jio Platforms’ IPO was fully subscribed within 100 minutes of opening. The report says qualified institutional buyers led the demand, and the issue is a fresh issue of 27 crore shares.
The price band is Rs 1,065 to Rs 1,119 each, and Reliance Industries shareholders have a reserved quota of nearly Rs 2,500 crore. The final allotment and listing price are not stated.
What the reporting says
Jio Platforms’ IPO was fully subscribed within 100 minutes of opening, with demand led by qualified institutional buyers, according to a publisher summary. The issue is a fresh issue of 27 crore shares priced at Rs 1,065 to Rs 1,119 each, and eligible Reliance Industries shareholders have a reserved quota of nearly Rs 2,500 crore. The report does not state the final allotment outcome or listing price.
Why it matters
Jio Platforms’ IPO was fully subscribed within 100 minutes of opening, with qualified institutional buyers leading demand, according to the publisher summary. The issue is a fresh issue of 27 crore shares priced at Rs 1,065 to Rs 1,119 each, and eligible Reliance Industries shareholders have a reserved quota of nearly Rs 2,500 crore. The final allotment and listing price remain unknown.