Economic TimesLean R·
Jio delivers 21% surprise. Buy or sell now?
Shares of Jio Platforms, the country’s largest public offer to date, listed at Rs 1,358 on BSE and NSE on Wednesday, an impressive 21.36% premium over the IPO price of Rs 1,119 per share. Jio Platforms’ IPO, with an issue size around Rs 30,200 crore, generated cumulative demand of more than Rs 7 lakh crore across the anchor and public book-building process.The IPO was fully subscribed within 100 minutes of opening. Its Rs 5,500 crore qualified institutional buyer portion was booked within the f…
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