🚨 Ambani’s $3.2 Billion Jio IPO Subscribed Within Two Hours in Record Indian Sale
Mukesh Ambani’s Jio Platforms’ ₹30,000-crore-plus IPO attracted massive investor demand, becoming fully subscribed in less than two hours of public bidding. The offering marks India’s largest-ever IPO and Reliance Industries’ first public offering in two decades. Jio is seeking a valuation of up to $108.3 billion, making the listing a landmark moment for India’s stock market.
The company, which operates India’s largest telecom network with over 500 million subscribers, is backed by global giants including Google and Meta. Institutional investors drove early demand, while retail participation initially remained comparatively weak. Jio shares are scheduled to begin trading on October 28, with the IPO testing investor appetite for one of India’s most valuable digital and telecom businesses.
🚨 Ambani’s $3.
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