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Jio Platforms IPO reportedly subscribed 2.2 times on day one
One post credits Jio IPO inflows and RBI intervention for the rupee's rise to 94.62, a 1.5-month high.
TLDR
An investor post joked that Jio's IPO was subscribed 2.2 times on day one while its author's portfolio was down 2.2%. Another post credited IPO inflows and RBI intervention for the rupee's rise to 94.62, a 1.5-month high. A third compared the moment with the 2008 Reliance Power IPO, claiming markets were crashing after Jio's IPO was subscribed.
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