Categories: Business

Jio IPO subscribed over 5x as institutions bid big

At the close of Day 2, the total demand for Jio shares was worth about Rs 3.7 lakh crore, including the anchor portion. On Thursday, the institutional (QIB) part of the IPO, in which a little over 4.9 crore shares were offered, was subscribed nearly 13.3 times, while the HNI portion, in which about 3.6 crore shares were reserved, was subscribed six times.

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