The maiden public offering for Jio Platforms, which aimed to raise a record-breaking Rs. 30,213 crore, on October 23 created several other records. It saw about 1.3 crore retail investors participating in the offer. While the institutional part was subscribed more than 70 times, the total demand for shares, including the anchor part in the offer, touched almost Rs. 7.5 lakh crore.
The earlier record for applications in an IPO was for Waaree Energies in which a little over 97 lakh investors had applied. In 2008, the Reliance Power IPO had seen the total demand at about Rs. 7.1 lakh crore. At Friday’s close of bidding, Jio IPO surpassed both these marks.