MumbaiJio’s record share offer filled in 100 minutes, the company says.
Foreign investors sold $33 billion of India’s stocks this year, the company’s presentation noted.
The company says bids reached Rs 7.4 lakh crore against a Rs 30,188 crore issue, 22.19 times subscribed.
Retail investors subscribed 2.72 times, against 70.55 times for qualified institutions.
Jio lists on India’s two main exchanges on 28 October, grey-market prices implying a 22% gain.
How each outlet framed it
drawn from 100+ reports worldwide
- India Today
- quantifies record demand as Rs 7.4 lakh crore ($78 billion) and the 100-minute full subscription, per company figures
- mint
- reports the 70.55x QIB demand and grey market premium of Rs 248 implying a 22.16% listing gain
Sources: India Today, mint