Economy
Reliance Jio IPO closes with strong subscription
Livemint1h
THE BRIEF
1
Jio Platforms initial public offering closed on Friday with a 22.19x total subscription, positioned to become India's biggest ever IPO by dethroning Hyundai Motor India.
2
The issue received 70.55x bidding in the qualified institutional buyers category, 14x in non-institutional investors, and 2.72x among retail investors.
3
The offering also secured 2.93x bidding in the employee reserved quota and 7.60x subscription in the shareholder reservation portion by day three.