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Jio Platforms' ₹30,213 Cr IPO Subscribed 22.19X on Final Day

Amit KumarSource: inc42.com
Updated 2d ago
Jio Platforms' ₹30,213 Cr IPO Subscribed 22.19X on Final Day
Jio Platforms' ₹30,213 Cr IPO Subscribed 22.19X on Final DaySource: inc42.com
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Jio Platforms' ₹30,213 Cr IPO was strongly subscribed 22.19X on the final day, with institutional investors driving demand. Qualified institutional buyers (QIBs) subscribed their portion 70.55X, while retail investors subscribed 2.72X. The IPO values Jio Platforms at around ₹10.3 Lakh Cr.

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Lakhs of butterflies are migrating from the Eastern Ghats to the Western Ghats across Tamil Nadu to escape heavy North-East monsoon rains. Cities including Coimbatore, Salem, and Tiruppur are witnessing the migration, with members of The Nature and Butterfly Society recording up to 120 butterflies per minute in some areas. The insects travel hundreds of kilometers to reach host plants in deep forests, where they will feed, mate, and lay eggs.

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