Reliance Jio IPO Sets Global Record
Reliance Jio's IPO breaks global record with 1 crore applications and ₹4 lakh crore demand.
In brief
Reliance Jio's IPO breaks global record with 1 crore applications and ₹4 lakh crore demand. Reliance Jio's IPO attracted over 1 crore applications and exceeded ₹4 lakh crore demand, setting a global record. Originally reported by mint.
Reliance Jio IPO
Reliance Jio Platforms' IPO became the first globally to attract more than 1 crore applications.
Record Demand
The issue was subscribed seven times by Friday afternoon, led by strong institutional interest.
Retail Bids Exceed
Retail bids also surpassed twice their reserved quota, exceeding ₹4 lakh crore demand.
The takeaway
Reliance Jio's IPO attracted over 1 crore applications and exceeded ₹4 lakh crore demand, setting a global record.
