Jio IPO attracts Rs 70,000 crore in bids on day 1, outpaces LIC, NSE issues

What happened: Jio Platforms' IPO drew bids for 623.6 million shares against 197.5 million on offer on day one, with bids valued at ₹69,800 crore at the upper end of the price band. Key numbers: Price band ₹1,065-1,119 per share. Retail portion subscribed 0.73 times, employee quota 1.36 times, shareholder portion 1.46 times. Anchor book of ₹8,110 crore subscribed over 30 times. Why it matters: The first-day subscription outpaced the first-day subscriptions of LIC, General Insurance Corporation of India and NSE, according to the report.

Jio IPO drew Rs 70,000 crore in day-one bids, outpacing LIC and NSE issues.

Jio IPO drew Rs 70,000 crore in day-one bids, outpacing LIC and NSE issues. — impact context not separately stored; see What changed.