In a landmark move, Jio Platforms, supported by Mukesh Ambani, successfully secured ₹30,213 crore, marking the largest IPO in India’s history. Investment bankers were rewarded with ₹196 crore in fees, translating to only 0.65% of the total amount raised. In contrast, Hyundai Motor India achieved ₹27,859 crore while paying out a heftier ₹493 crore in fees, which amount to 1.77%.
In a landmark move, Jio Platforms, supported by Mukesh Ambani, successfully secured ₹30,213 crore, marking the largest IPO in India’s history. Investment bankers were rewarded with ₹196 crore in fees, translating to only 0.65% of the total amount raised. In contrast, Hyundai Motor India achieved ₹27,859 crore while paying out a heftier ₹493 crore in fees, which amount to 1.77%. by Soban News (international And National News)