Jio IPO Fully Subscribed Within 100 Minutes of Opening
The initial public offering of Jio was fully subscribed in just 100 minutes after it opened for bidding. Such rapid uptake stands out because large Indian IPOs usually start slowly, with institutional investors tending to place bids nearer the closing deadline. For comparison, the National Stock Exchange's recent share sale had attracted subscriptions for only 42% of its offered shares on the first day. The contrast highlights unusually strong early investor demand for the Jio offering.
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