Earlier, Waaree Energies had received about 97 lakh applications.
New Delhi: Today is the last day to bid on the IPO of Reliance Industries' tech company Jio Platforms. This is the largest IPO in the country and has already made many records. Even before the issue closed, it had received more than one crore applications, which is the highest in the world. Earlier this record was in the name of Waaree Energies, which had received about 97 lakh applications.
The IPOs of Bajaj Housing Finance and BCCL in India received around 90 lakh applications. In this way, the IPO of Jio Platforms has become the first IPO in the world to cross the mark of 1 crore applications. The bidding process is ongoing, so the number of applications may increase further.
It has received 16.20 times bids in the Qualified Institutional Buyers (QIBs) category. It has been subscribed 10.25 times in the Non-Institutional Investors (NIIs) category. It has received 2.11 times the applications in the Retail Individual Investors (RIIs) category while the category reserved for employees has been subscribed 6 times.
On the very first day of the IPO on Wednesday, the IPO of Jio Platforms was fully subscribed within 100 minutes of opening. With this, it became the fastest subscribed large public issue in India. Jio IPO subscription will end on October 23 and its listing is expected on October 28.