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via thehindubusinessline.comCapital Markets

Jio Platforms IPO Day 3: Issue subscribed 5.38 times on Day 2

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Jio Platforms IPO Day 3 live updates: Check subscription status, QIB, NII and retail demand, and key issue details as bidding enters its final day. Jio Platforms IPO enters Day 3 of bidding after the issue was subscribed 5.38 times on Day 2, with bids for 106.27 crore shares…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishVery strong demand for the Jio Platforms listing, led by institutional investors.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The issue was subscribed 5.38 times on the second day of bidding.
  2. 02Bids covered 106.27 crore shares against 19.75 crore shares on offer.
  3. 03Qualified institutional buyers subscribed their reserved portion 12.87 times.
  4. 04Retail individual investors subscribed 1.51 times.

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