Jio Platforms Ltd's initial public offering (IPO) made financial history on Wednesday, October 21, achieving full subscription within an unprecedented 100 minutes of its market opening. This rapid uptake positions the Rs 30,213 crore offering as India's fastest-ever subscribed IPO, setting a new benchmark in the country's financial landscape.
The swift demand was predominantly driven by institutional investors. Data from the BSE website revealed the portion designated for Qualified Institutional Buyers (QIBs) reached full subscription in just 10 minutes, then nearly doubled within 30 minutes, eventually surpassing
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đź“° Source: Siasat Gulf