From The Economic Times · ET Bureau · · 1m 10s
Jio IPO Bids Hit 70,000 Crore
Jio Platforms' IPO secures ₹70,000 crore in bids on day one, outpacing NSE and LIC issues.
In brief
Jio Platforms' IPO secures ₹70,000 crore in bids on day one, outpacing NSE and LIC issues. Jio Platforms' ₹30,213-crore IPO attracted bids worth ₹69,800 crore on day one, exceeding previous Indian IPOs. Originally reported by The Economic Times.
Jio IPO Subscription
Jio Platforms' ₹30,213-crore IPO was subscribed 3.16 times on day one, fully subscribed within 100 minutes.
QIB Subscription
Qualified institutional buyers subscribed 9.42 times with bids for 461.5 million shares against 49 million shares reserved.
Non-Institutional Subscription
Non-institutional investors subscribed 1.68 times with bids for 61.2 million shares against 36.4 million shares on offer.
Retail Subscription
Retail investors subscribed 0.73 times with bids for 61.7 million shares against 85 million shares reserved.
Employee Quota Subscription
Employee quota was subscribed 1.36 times with bids for 100 million shares against 100 million shares reserved.
Shareholder Portion
Shareholder portion was subscribed 1.46 times with bids for 100 million shares against 100 million shares reserved.
IPO Valuation
Bids valued at ₹69,800 crore at the upper end of the price band, exceeding previous Indian IPOs.
In short
Jio Platforms' ₹30,213-crore IPO attracted bids worth ₹69,800 crore on day one, exceeding previous Indian IPOs.
