IPO
Jio Platforms is set to make its stock market debut on Wednesday after its $3.2 billion initial public offering (IPO) attracted $77 billion in bids, making it India’s most-subscribed public offering. The company has fixed its IPO price at Rs 1,119 per share, the upper end of its price band of Rs 1,065 to Rs 1,119. At the issue price, Jio Platforms is valued at approximately Rs 10.3 lakh crore, or about $108.3 billion, placing it among India’s largest companies by potential market capitalisation. The offering was subscribed 22.2 times, with institutional investors accounting for a substantial share of demand….
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