Mukesh Ambani's Jio Platforms IPO has attracted bids worth more than Rs 4.5 lakh crore, setting a new record for demand in India's primary market as the country's largest public offering closed for subscription on Friday. The Rs 30,213 crore issue has also broken 12 records, including the highest number of applications received by an IPO globally, according to data compiled by Safal Capital.
The public issue received more than 1.25 crore applications, surpassing the previous reported record of 97.33 lakh. Jio also became the first IPO worldwide to cross the one-crore application mark, reflecting strong participation from retail investors, institutions and existing Reliance Industries shareholders.
