Jio IPO Sees Overwhelming Demand on Day One Even as Nifty Struggles
The enthusiasm for Jio’s IPO stands in sharp contrast to the Reliance group’s recent stock-market performance.
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The enthusiasm for Jio’s IPO stands in sharp contrast to the Reliance group’s recent stock-market performance.
Stating that Jio’s own satellite services await clearances, the company said, “At Reliance, we have never feared competition. We see it as the truest test of who serves the customer best.”
Jio Platforms Ltd. is set to price its shares at 1,065 rupees to 1,119 rupees apiece in its planned initial public offering, according to people familiar with the matter.
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