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Jio Platforms' IPO Subscribed 1.27 Times Overall, Exceeding Expectations

Neha GuptaSource: thehindubusinessline.com
Updated 6d ago
Jio Platforms' IPO Subscribed 1.27 Times Overall, Exceeding Expectations
Jio Platforms' IPO Subscribed 1.27 Times Overall, Exceeding ExpectationsSource: thehindubusinessline.com
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Jio Platforms' initial public offering (IPO) has seen strong demand, with bids for 25.02 crore shares against 19.75 crore shares offered. The qualified institutional buyers portion was subscribed 3.86 times, while the retail individual investor category was subscribed 0.33 times. The IPO aims to raise up to ₹30,213 crore through a fresh issue of 27 crore equity shares priced between ₹1,065 and ₹1,119 per share.

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