📰 ET Stocks ⚪ NEUTRAL 🕒 22 Oct 2026, 06:26 AM IST

Jio IPO attracts Rs 70,000 crore in bids on day 1, outpaces LIC, NSE issues

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Core Development: Jio IPO attracts Rs 70,000 crore in bids on day 1, outpaces LIC, NSE issues

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Market & Financial Impact: 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 stronger at 1.68 times. The company plans to allocate a large share of the funds toward debt clearance, reflecting optimistic perceptions of Jio Platforms' future.

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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Investors placed bids for 623.6 million shares against 197.5 million shares on offer.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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Jio IPO attracts Rs 70,000 crore in bids on day 1, outpaces LIC, NSE issues

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