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Cyril Amarchand Mangaldas is advising Jio Platforms Ltd. on its proposed initial public offering, acting as legal counsel on one of India’s significant anticipated capital markets transactions.
The public issue was subscribed 52.93 times in total, 11.67 times in the retail category and 164.68 times in the Qualified Institutional Buyers (QIB) category. The Non-Institutional Investors (NII) segments with bids of between ₹2 to ₹10 lakhs and above ₹10 lakhs were subscribed 119.37 and 72.94 times respectively.