Jio IPO bids hit 70,000 crore on day 1 ; outpaces NSE, LIC, GIC issues

The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a rate of 9.42 times, while retail investors opted for a 0.73 times rate. Non-institutional interest was (…)