Jio Platforms IPO, India's Largest Share Offering, Opens with Strong Institutional Demand

The initial public offering of Jio Platforms, owned by Mukesh Ambani, opened for subscription. It is described as the largest share offering in India's history. The qualified institutional buyers portion was fully subscribed within less than thirty minutes of the first day.

AI-written summary of 4 sources; every verified point is backed by a verbatim quote. How Iyan works

• The qualified institutional buyers portion was fully subscribed within less than thirty minutes of the first day.

  «QIB portion fully subscribed in under 30 minutes»

  Moneycontrol
• Sovereign wealth funds and pension funds took part in the anchor book, including GIC of Singapore, the Abu Dhabi Investment Authority, and the Qatar Investment Authority.

  «Several sovereign wealth and pension funds also participated in the anchor book, including Singapore's GIC, Norges Bank Investment Management, Abu Dhabi Investment Authority»

  Moneycontrol
• The grey market premium stands at around 24%, with brokerages expressing positive views on the growth outlook.

  «with a grey market premium of around 24% and positive brokerage views highlighting its growth prospects»

  The Economic Times
• The issue size is 30,213 crore rupees, and demand from anchor investors attracted interest before the opening.

  «The ₹30,213 crore issue»

  CNBCTV18

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