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Mukesh Ambani

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Mukesh Ambani's Jio IPO worth $3.2 billion fully subscribed within two hours

Jio Platforms' IPO worth 302.13 billion rupees ($3.2 billion) — the largest in India's history — was fully subscribed within two hours of opening on Wednesday, October 21. According to Moneycontrol, bids totaled 227.1 million shares against 197.5 million offered. The price band is 1,065–1,119 rupees per share, valuing the company at up to $108 billion. Subscription closes on Friday, trading begins October 28.

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