Jio IPO sets new records: Bids cross Rs 50,000 crore after full subscription in 100 minutes

Jio IPO: Data from the stock exchanges, updated at 2:45 PM, showed bids for 46.50 crore shares against the 19.75 crore shares on offer. The response establishes a new record for the speed at which an Indian public issue has attracted subscriptions. The speed of Jio’s IPO subscription sets it apart from other large public offerings in India.