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Thursday, October 22, 2026Updated 06:04 UTC

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Jio IPO bids hit 70,000 crore on day 1; outpaces NSE, LIC, GIC issues

Source: Economic Times · Oct 22, 2026 00:56 UTC

Wall Street in New York's Financial District with flags hanging from buildings — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a rate of 9.42 times, while retail investors opted for a 0.73 times rate. Non-institutional interest was stronger at 1.68 times. The company plans to allocate a large share of the funds toward debt clearance, reflect

Read the full story at Economic Times

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