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via economictimes.indiatimes.comCapital Markets

Jio IPO: grey market premium signals listing gains above 22%

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

The issue, which closed for subscription on October 23, received an overwhelming response from investors, with the overall subscription reaching 22.19 times the shares on offer. The offering has also become Indias largest-ever IPO, surpassing Hyundai Motor Indias Rs 27,870-crore…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA record-sized IPO can influence sentiment in the Indian market and telecom sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The offering was subscribed 22.19 times.
  2. 02According to the item, it is India's largest-ever IPO.
  3. 03It surpasses Hyundai Motor India's Rs 27,870-crore issue in 2024.

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