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Jio Platforms becomes world’s first IPO to cross one crore applications with massive subscription

Reliance-backed Jio Platforms scripted global capital market history by becoming the first public issue worldwide to surpass one crore applications. Closing with an overall subscription of over 20 times across investor categories, strong grey market premiums signal expected listing gains exceeding 20 percent on Dalal Street, driven by unprecedented institutional and retail bidding interest.

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