The IPO of Jio Platforms has created a buzz in the stock market on its first day. The country's largest IPO has received tremendous response from investors and has been flooded as soon as the IPO opens. The IPO was flooded in the first 100 minutes. Thus, Reliance Jio Platforms IPO has created a new record in the Indian stock market. It is worth mentioning here that Jio's issue size is bigger than major IPOs like Hrindai Motor India, Bajaj Housing Finance and LG Electronics India, yet it has taken very little time to splash. Earlier, the IPO of Bajaj Housing Finance was flooded by 2 pm. LG Ile. There was a flood in one day, while the IPO of Hyundai Motors was only 18 percent filled on the first day. However, the gray market premium of Jio platforms this morning is Rs. 270 to 275, it fell after reports of flooding and gray market premiums to Rs. Around 250 to 255 have been seen spoken.
Jio IPO got oversubscribed in 100 minutes, set a new record (Business) is featured on Aapnu Amdavad — the digital home of Ahmedabad, where Amdavadis discover news and everything happening across the city.