From mint · A Ksheerasagar · · 1m
Jio Platforms IPO Leads Paras Healthcare
Jio Platforms' ₹30,213-crore IPO fully subscribed in 100 minutes vs Paras Healthcare's 0.15 times subscription.
In brief
Jio Platforms' ₹30,213-crore IPO fully subscribed in 100 minutes vs Paras Healthcare's 0.15 times subscription. Jio Platforms' IPO was fully subscribed within 100 minutes, while Paras Healthcare's IPO received only 0.15 times subscription. Originally reported by mint.
Jio Platforms IPO Subscription
Jio Platforms' ₹30,213-crore IPO was fully subscribed within 100 minutes and closed the day 3.01 times subscribed.
Paras Healthcare Subscription
Paras Healthcare's ₹1,450-crore issue received muted interest with subscriptions at just 0.15 times.
Jio Platforms Institutional Demand
Qualified institutional buyers subscribed nine times, domestic financial institutions bid for 25.02 crore shares.
Jio Platforms Retail Interest
Retail investors showed weak interest with bids at 0.68 times subscription.
Jio Anchor Investment
Jio Platforms allotted ₹8,110 crore to 212 anchor investors at ₹1,119 apiece.
Paras Healthcare Institutional Response
Non-institutional investors subscribed 0.08 times, QIB portion not yet opened for subscription.
Jio Platforms Valuation
Jio Platforms is estimated to be valued at ₹10.3 lakh crore at the upper end of its IPO price band.
The key point
Jio Platforms' IPO was fully subscribed within 100 minutes, while Paras Healthcare's IPO received only 0.15 times subscription.
