Jio Platforms IPO fully subscribed within minutes, QIB portion booked over 3x so far, check latest GMP
Jio Platforms' initial public offering (IPO) is drawing a strong investor response, with the issue fully subscribed within minutes of opening. The IPO was fully subscribed in just the first 100 minutes. The issue saw the portion reserved for Qualified Institutional Buyers (QIBs) fully subscribed at over 3x demand.ย According to data available on the National Stock Exchange (NSE), the portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 3.77 times.ย The portion reserved for Non-Institutional Investors (NIIs) was subscribed 30 per cent, while the retail investor category saw 27 per cent subscription. Overall, the IPO got bids for 23,27,13,888 shares against…