High demand at the IPO stage has not always translated into similar gains after listing.
\n\nAmong the companies featured, Meesho is up 96% from its IPO price, while Waaree Energies has gained 58% and LG Electronics 44%. Returns from post-listing highs vary, with Bajaj Housing Finance down 57% from its high, based on the figures provided.
\n\nJPL IPO has attracted more than ₹3.75 lakh crore in cumulative bids, including anchor and public investors.
\n\nFor comparison, Reliance Power drew ₹7.1 lakh crore in bids, followed by LG Electronics at ₹4.4 lakh crore and Bajaj Housing Finance at ₹3.25 lakh crore, according to Prime Database.
\n\nSovereign wealth funds, including Singapore’s GIC, Abu Dhabi Investment Authority (ADIA), Qatar Investment Authority (QIA) and Norway’s Norges Bank Investment Management, were among the bidders in Jio Platforms’ anchor book.
\n\nBlackRock, Capital Group, Fidelity, T. Rowe Price, Schroders, JPMorgan Asset Management, Franklin Templeton, Invesco and Janus Henderson are among the prominent investors in Jio Platforms’ anchor book.
\n\nJio Platforms’ ₹8,110-crore anchor book attracted institutional bids worth over ₹2.5 lakh crore, translating into demand of more than 30 times the shares on offer.
\n\nThe book drew over 200 investor lines across domestic and global fund houses, sovereign wealth…
Original source: https://www.cnbctv18.com/entertainment/
