Mumbai, Oct. 21 -- Jio Platforms Ltd's Rs 30,213-crore initial public offering (IPO) got fully subscribed within 100 minutes of its stock market debut here on Wednesday, setting a record for the fastest subscription of any public issue in India so far.
Priced in a band between Rs 1,065 and Rs 1,119 per share, the portion reserved for Qualified Institutional Buyers (QIBs) got fully subscribed within the first 10 minutes and attracted bids for nearly twice the shares on offer in less than half an hour, according to BSE website data.
The IPO will remain open for subscribers until Friday, October 23 and is expected to be oversubscribed, according to market sources.
At Rs 30,213 crore, the Jio Platforms Ltd IPO is expected to overtake Hyundai...