๐จ Ambaniโs $3.2 Billion Jio IPO Subscribed Within Two Hours in Record Indian Sale
Mukesh Ambaniโs Jio Platformsโ โน30,000-crore-plus IPO attracted massive investor demand, becoming fully subscribed in less than two hours of public bidding. The offering marks Indiaโs largest-ever IPO and Reliance Industriesโ first public offering in two decades. Jio is seeking a valuation of up to $108.3 billion, making the listing a landmark moment for Indiaโs stock market.
The company, which operates Indiaโs 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 Indiaโs most valuable digital and telecom businesses.
๐จ Ambaniโs $3.
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