Jio Platforms IPO subscribed over 22 times, valued at $107bn
India’s biggest-ever share sale drew strong demand, particularly from institutional investors, defying the drag of a weeklong selloff in Indian equities, according to Bloomberg.
October 26, 2026 (MLN): India’s biggest-ever share sale drew strong demand, particularly from institutional investors, defying the drag of a weeklong selloff in Indian equities, according to Bloomberg. The $3.1bn initial public offering of Jio Platforms Ltd. was subscribed more than 22 times as bidding closed on Friday, with qualified institutional buyers leading demand. At the top of the marketed range of 1,065 rup...