India TV

Jio Platforms IPO shatters several records, Rs 7.4 lakh crore in bids outpace 26 state budgets

Reliance Industries-backed digital services company Jio Platforms' initial public offering (IPO) has created a history. The public issue attracted strong response from investors and shattered all previous global records. Including public and anchor bids, this IPO received a record-breaking total of Rs 7.4 lakh crore. The total bid amount for this single IPO is larger than the annual budgets of 26 Indian states.