JIO IPO DAY 2 : CAN AKASH AMBANI REPEAT DHIRUBHAI AMBANI LEGACY OF WEALTH CREATION ?

What happened: Jio Platforms' ₹30,213 crore IPO, India's largest, was fully subscribed within 100 minutes of opening on October 21. Why it matters: The issue surpassed Hyundai Motor India's ₹27,870 crore IPO and drew a faster response than Bajaj Housing Finance and LG Electronics India. Brokerages are largely positive, with Antique estimating a 15% tariff hike could add about ₹190 per share, though the content notes strong demand does not automatically translate into long-term wealth creation.

Jio Platforms' ₹30,213 crore IPO, India's largest, was fully subscribed within 100 minutes of opening on October 21.

The issue surpassed Hyundai Motor India's ₹27,870 crore IPO and drew a faster response than Bajaj Housing Finance and LG Electronics India. Brokerages are largely positive, with Antique estimating a 15% tariff hike could add about ₹190 per share, though the content notes strong demand does not automatically translate into long-term wealth creation.