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.

By Rajesh Mascarenhas and Pratigya Vajpayee · Bloomberg Markets

The enthusiasm for Jio’s IPO stands in sharp contrast to the Reliance group’s recent stock-market performance.