Jio IPO has a flying start, shares subscribed over three times
India’s largest initial public offering (IPO) got off to a flying start with Jio Platforms Ltd scoring the highest first-day subscription for any mega share sale, as investors jostled for a pie of the country’s largest telecom company.
Investors bid for as much as 3.16 times of Jio Platforms shares on offer on Wednesday, compared to Hyundai Motors India Ltd’s 0.42 times and the National Stock Exchange’s (NSE) 0.72 times subscription on the first day of the share sale.
