Jio’s IPO frenzy: Can retail investors make a killing?

Mukesh Ambani’s Jio Platforms opened its ?30,213-crore IPO on 21 October, with bidding closing on Friday. The offer, which could become India’s largest-ever listing, values the digital and telecom giant at up to $107 billion. After securing strong institutional backing, Jio is counting on retail investors to help sustain demand and deliver a strong stock market debut. The company allocated ?8,110 crore of shares to anchor investors, including BlackRock, Fidelity, Capital Group and sovereign wealth funds. Its ?10,500-crore retail portion has drawn active outreach from brokerages and financial institutions, even as the Nifty 50 struggles in a weak market. Brokerages…