Record galore! Jio IPO claims crown for highest QIB demand among India’s 5 largest issues, edges past NSE

What happened: Jio Platforms' Rs 30,213-crore IPO drew 12.87 times QIB subscription, surpassing NSE's institutional demand and claiming the highest QIB demand among India's five largest issues. Key numbers: Rs 30,213 crore issue size; 12.87 times QIB subscription; overall subscription 5.36 times by Day 2. Why it matters: The strong institutional response, grey market premium, and positive brokerage recommendations point to robust investor interest in the issue.

Jio Platforms' Rs 30,213-crore IPO drew 12.87 times QIB subscription, surpassing NSE's institutional demand and claiming the highest QIB demand among India's five largest issues.

The strong institutional response, grey market premium, and positive brokerage recommendations point to robust investor interest in the issue.