#india-economy

Jio's Rs 30,213-crore IPO sold out in 100 minutes, smashes India's share-sale record

Reliance's Jio Platforms IPO of Rs 30,213 crore was fully subscribed within 100 minutes of opening on Wednesday, making it India's largest-ever share sale. It overtakes Hyundai Motor India's Rs 27,870-crore issue of 2024. The price band is Rs 1,065-1,119; the issue closes on October 23 and lists on October 28.