Jio Platforms IPO Attracts $77 Billion in Bids, Subscription Crosses 22 Times as Investors Bet on 5G and Digital Growth

Jio Platforms IPO has attracted more than $77 billion in investor bids, becoming India’s most subscribed public offering by bid value and surpassing the record set by Reliance Power in 2008. The ₹30,213 crore initial public offering (IPO) of Mukesh Ambani’s telecom and digital services business received more than 13.8 million applications, highlighting strong investor interest in India’s largest mobile operator. Jio Platforms founders The IPO, which values Jio Platforms at up to $108.3 billion,