StartupsInc42about 2 hours ago
Jio Platforms IPO Subscribes 3.65X on Day 2
3 min read
Reliance Jio Platforms IPO reached 3.65X subscription on the second day, with retail investors fully booking their 8.50 Cr share allocation. The ₹30,213 Cr offering surpasses Hyundai Motor India as India's largest public issue, valued at roughly $108 Bn at the upper price band of ₹1,119. Proceeds will prepay ₹29,971 Cr in borrowings for 5G infrastructure.
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