New Delhi, Oct. 23 -- Jio Platforms becomes the first IPO globally to cross the 1 crore application mark, reflecting unprecedented investor participation
The IPO surpasses previous reported records, with bidding remaining open until 7 pm today and the final application count expected to rise
Jio Platforms IPO has created history by becoming the first IPO globally to cross 1 crore applications, setting a new global benchmark for investor participation. The historic milestone was achieved with five hours still remaining before the issue closes, while bidding will continue until 7 pm today.
The IPO has surpassed the previous reported global record of approximately 97 lakh applications received by Waaree Energies. Bajaj Housing Finance and BCCL were also among India's previous record-setters, attracting approximately 90 lakh applications.
The unprecedented investor participation reflects strong investor interest in Jio Platforms and marks a significant milestone in the history of public offerings.
The achievement carries forward Shri Dhirubhai Ambani's legacy and Shri Mukesh Ambani's vision of democratising wealth creation and empowering millions of Indian investors.
With bidding continuing until 7 pm today, the final application count could set an even higher global benchmark, further strengthening Jio Platforms' position as the first IPO globally to cross the 1 crore application mark.
Published by HT Digital Content Services with permission from Millennium Post.