Reliance Industries group company Jio Platforms has created a new milestone with its initial public offering (IPO), attracting more than one crore applications from investors. The mega issue is valued at Rs 30,200 crore.
With this, Jio Platforms has reportedly set a global record for receiving the highest number of IPO applications, surpassing the earlier benchmark of 97 lakh applications held by Waaree Energies Ltd.
As of Thursday evening, the IPO was subscribed more than 16 times overall. In the retail segment, applications were said to be about 47 times the shares reserved for that category.
Investors can apply for the IPO until 7 pm on October 23. The allotment status is expected to be known on October 26, while refunds for non-allottees are scheduled for October 27.
