Jio Platforms announced an initial public offering with a subscription period from October 21 to 23
Jio Platforms launched an IPO next week, raising about Rs 30,213 crore through a 27-crore-share issue at a price band of Rs 1,065 to Rs 1,119. The offering was fully subscribed within two hours and opened 21.4% above its IPO price. It attracted over 13.8 million applications and oversubscribed 22 times.
- Jio Platforms plans to raise approximately Rs 30,213 crore through a fresh issue of shares.
- Jio Platforms' initial public offering was fully subscribed within two hours.
- Reliance Industries owns more than a 66 percent stake in Jio Platforms.
- Jio Platforms became India's second most valuable company at Rs 12.6 lakh crore.
- Jio shares increased by 21 percent on its debut.
- Jio Platforms has a mobile network serving over 500 million users.
- The Jio Platforms IPO is India's largest listing.
- The IPO consists of a fresh issue of up to 27 crore shares.
- The quota for qualified institutional buyers attracted bids for 7.09 times the reserved shares.
- Jio Platforms market capitalization reached Rs 12.5 lakh crore.
- The IPO attracted bids worth over Rs 7.4 lakh crore.
- Jio has already attracted more than $20 billion in bids from prospective investors.
- The IPO sold out in 95 minutes.
- Jio Platforms allotted shares worth ₹8,109.85 crore to anchor investors.
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