Jio Platforms' IPO fully subscribed in 100 minutes of opening, marks fastest-ever subscribed offer

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 21 Oct, 06:07 UTC

On Monday, the company allotted shares worth about ₹8,110 crore to 212 anchor investors at ₹1,119 apiece, the top end of its price band, ahead of the public offering. Bids for the anchor allocation exceeded ₹2.5 lakh crore, more than 30 times the amount available, according to people familiar with…

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Sources

• T1Jio Platforms' IPO fully subscribed in 100 minutes of opening, marks fastest-ever subscribed offerEconomic Times — Tech / Technology / Startups / ETTelecom21 Oct, 06:07