Business4 sources
Jio Platforms IPO Garners Massive Interest in India
- Jio Platforms' IPO is set to be India's largest, with a staggering response in anchor bids.
- Global and domestic investors bid over ₹2.5 lakh crore for the IPO, which is 30 times the stock on offer for this category.
- The IPO is expected to raise significant capital, with a total of ₹8,110 crore earmarked for anchor investors.
- Reliance Industries, founded by Dhirubhai Ambani, has a long history of attracting middle-income savers to the stock market.
- Foreign portfolio investors (FPIs) have withdrawn ₹52,100 crore from equities in October due to global economic challenges.
Articles (10)
Financial Times·
Ambani looks to pull off India’s biggest IPO
The Economic Times·
Jio Platforms' IPO draws Rs 2.5 lakh crore in anchor bids
Investing.com·
A tale of 2 IPOs: Jio Platforms' unified vision & Tata Sons' divided house
Street signs: MFs deepen smallcap holdings, IPO momentum set to pick up
Mutual funds strike positive tone on equities as valuations ease
IPO review: Jio Platforms' ₹30,213 crore mega offer is at a minor premium
Mcap of nine of top-10 most valued firms surges by ₹3.65 trn, TCS shines
FPIs pull out ₹52,100 cr from equities in Oct so far amid global headwinds
Bloomberg·
Jio’s $3.2 Billion IPO Tests Ambani Appeal With Young Indians
Jio’s $3.2 Billion IPO Tests Ambani Appeal With India’s Gen Z