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Jio IPO fully subscribed within 100 minutes as bids top Rs 50,000 crore

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Bids for the Jio public issue were fully subscribed within roughly 100 minutes of opening, according to exchange data. By 2:45 PM, investors had placed orders for about 46.5 crore shares against the 19.75 crore shares on offer. The rapid uptake sets a new benchmark for how quickly an Indian public offering has drawn subscriptions. Analysts note the pace distinguishes Jio's issue from other large IPOs in the country.

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