Jio Platforms' IPO continued to attract strong investor interest on Day 2, with the retail investor segment fully subscribed within two hours of trading. The issue was subscribed 3.47 times overall by 11 am, led by robust demand from qualified institutional buyers.
Reliance Industries shares rose nearly 2 per cent after Jio Platforms’ Rs 30,213-crore IPO achieved full subscription within 100 minutes, setting a record. The offering is poised to become India’s largest public issue, valuing Jio Platforms at approximately $108 billion
The Rs 22,569-crore NSE IPO opened for subscription on Thursday and was 9 per cent subscribed within the first day. The issue, priced at Rs 1,700-1,785 per share, closes September 21, with listing expected on September 24
Vidya Wires Ltd’s Rs 300-crore IPO was fully subscribed within hours, receiving bids for 5.07 crore shares against 4.33 crore on offer. Retail investors oversubscribed 1.91 times. Proceeds will fund new projects, debt repayment, and general corporate purposes
Governance advisory firm InGovern has highlighted risks in LG Electronics India’s IPO, including Rs 4,717 crore in disputed tax claims, royalty payments to the South Korean parent, and high promoter stake, which could impact minority shareholder influence and profit margin
