MUMBAI In a historic event for the Indian stock market billionaire Mukesh Ambanis telecom giant Jio Platforms has launched Indias biggestever share sale IPO today The massive public issue is worth 30213 crore approximately 32 billion It has officially broken the record of Hyundai Motor India to become the largest IPO in the nations history. Investors showed incredible excitement right from the morning Driven by massive demand from big global and domestic institutional buyers the mega IPO was fully booked in less than two hours of opening
The company has set the share price band between 1065 and 1119 per share Everyday retail investors can join the share sale by applying for a minimum lot of 12 shares which costs 13428 at the upper price limit Before the public bidding opened global financial giants like BlackRock and Abu Dhabi Investment Authority invested heavily in Jios anchor book.
This mega share sale values Jio Platforms at nearly 108 billion over 10 lakh crore This launch makes it the first public offering from Mukesh Ambanis Reliance group in twenty years The subscription window remains open until Friday and the company is expected to make its official debut on the stock market on October 28.
