Jio Platforms IPO oversubscribed in less than two hours led by QIBs
Jio Platforms’ initial public offering (IPO) was oversubscribed in the qualified institutional buyers (QIB) category within two hours of opening on Wednesday, signalling strong demand from institutional investors.
Via YourStory
However, the issue remained undersubscribed in the non-institutional investors (NII) and retail investor categories. As of 12:50 pm, data from the Bombay Stock Exchange (BSE) showed that the QIB portion was subscribed 4.86 times, while the NII and retail portions were subscribed 0.61 times and 0.46 times, respectively.
The IPO opened on October 21 and will close on October 23. Jio Platforms aims to raise Rs 30,213 crore through the issue, which is priced in the range of Rs 1,065–1,119…
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