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From LIC, NSE to Hyundai: Can Jio Platforms IPO break India’s mega listing jinx on 28 Oct Wed ? What market experts say
Jio Platforms' 28 Oct IPO tests India's mega-listing jinx after LIC, NSE, Hyundai.
Context
What happened: Jio Platforms' ₹30,213-crore IPO drew record demand and is set to list on Wednesday, 28 October, with experts divided on whether it can break the mixed debut record of India's mega listings.
Key numbers: IPO subscribed 22.19 times; bids over ₹4.9 lakh crore, total demand above ₹7.4 lakh crore
Why it matters: LIC closed its debut nearly 8% below its issue price and Hyundai Motor India around 7.2% below, while NSE gained about 1.85%, showing that size and demand do not guarantee listing gains. Experts cite valuation, share supply and post-listing sustainability as key.
What changed
Jio Platforms' ₹30,213-crore IPO drew record demand and is set to list on Wednesday, 28 October, with experts divided on whether it can break the mixed debut record of India's mega listings.
Why it matters
LIC closed its debut nearly 8% below its issue price and Hyundai Motor India around 7.2% below, while NSE gained about 1.85%, showing that size and demand do not guarantee listing gains. Experts cite valuation, share supply and post-listing sustainability as key.