Jio Platforms IPO subscribed 6.76X on final day

Jio Platforms' ₹30,213 Cr ($3.2 Bn) IPO was subscribed 6.76X by the final day, with bids for 133.51 Cr shares against 19.75 Cr on offer. QIB and NII portions were booked 14.18X and 9.17X, while retail reached 1.99X. The ₹1,065–₹1,119 price band values the company at about $108 Bn.

• Bids reached 133.51 Cr shares against 19.75 Cr on offer
• QIB portion subscribed 14.18X, NII 9.17X, retail 1.99X
• Price band of ₹1,065–₹1,119 values Jio Platforms at about $108 Bn
• ₹27,500 Cr of proceeds to prepay Reliance Jio Infocomm debt