loading
loading
Listen to this article in summarized format Investors placed bids for 623.6 million shares against 197.5 million shares on offer, with the bids valued at ₹69,800 crore at the upper end of the price band, according to combined data from both stock exchanges as of 7 pm on Wednesday. The IPO is priced at ₹1,065-1,119 per share. The retail portion was subscribed 0.73 times, with bids for 61.7 million shares against 85 million shares reserved for the category. The employee quota was subscribed 1.36 times, while the shareholder portion was subscribed 1.46 times. Other mega IPOs, including Tata Capital, Life Insurance Corporation of India (LIC), General Insurance Corporation of India and the National Stock Exchange of India (NSE), had recorded lower first-day subscriptions. Read more: Jio IPO Day 1: Issue subscribed 3 times on strong QIB push; retail portion booked 68%. Check GMP Jio Platforms is the digital and telecom arm of Reliance Industries, led by billionaire Mukesh Ambani. On Monday, Jio Platforms' ₹8,110-crore anchor book attracted institutional demand exceeding ₹2.5 lakh crore, translating into a subscription of more than 30 times. The company plans to raise ₹30,213 crore through a fresh issue of up to 270 million equity shares, with no offer for sale. Read more: Sundaram Mutual Fund announces launch of Equity Ex-Top 100 Long Short Fund through its SIF platform Select Jio Platforms plans to use up to ₹27,500 crore of the proceeds to repay or prepay borrowings of its subsidiary Reliance Jio Infocomm, with the balance earmarked for general corporate purposes. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-10-22 03:01