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via economictimes.indiatimes.comCapital Markets

Jio IPO draws Rs 7.41 lakh crore in bids, 22.19x subscription

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Jio Platforms has experienced a surge in demand for its initial public offering, garnering roughly ₹7.41 lakh crore in bids. The subscription soared to 22.19 times, mainly due to robust involvement from institutional investors, including domestic mutual funds and foreign…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralVery strong demand for a large IPO is a notable signal for India’s capital markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Jio Platforms received roughly Rs 7.41 lakh crore in bids for its IPO.
  2. 02Subscription reached 22.19 times, driven mainly by institutional investors.
  3. 03Shares are scheduled to list on October 28.

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