The segment reserved for qualified institutional buyers (QIBs) was booked 4.10 times, while the non-institutional investors' (NIIS) segment was booked 0.51 times till that time.
Jio Platforms IPO is a fresh issue of 27 crore shares. The price band is fixed at ₹1,065– ₹1,119 per share and is expected to raise approximately ₹30,213 crore. At the upper end of the price band, the company’s valuation is estimated at around $108.3 billion.
The Jio IPO will remain open till Friday, 23 October. Investors can bet on the issue via different broker platforms and banking channels.
The company has reserved the issue for different categories of investors. Let's take a look at available options for applying to the IPO:
The company has reserved 2,23,41,376 shares of Jio Platforms for shareholders of Reliance Industries (RIL).