The market is witnessing tremendous excitement regarding the initial public offering (IPO) of Reliance Industries Chairman Mukesh Ambani's company Jio Platforms. Even before its listing on the stock exchanges, major institutional investors from India and abroad have shown strong interest in the public issue. The company's anchor book of Rs 8,110 crore has received bids worth approximately Rs 2.5 lakh crore. This represents more than 30 times the available amount. This reflects strong investor interest in Jio's business and its proposed IPO.
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Jio Platforms IPO gains momentum, anchor book oversubscribed as institutional bids hit Rs 2.5 lakh crore
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