Tootfinder

At end of the 3-day window, Jio Platforms India IPO has 22x subscription. It is over-subscribed in every allocation category; non-institutional investor subscription is 14x. 🫨
But get this, the IPO was *fully subscribed in just 100 minutes* after opening. 🫨🫨
A lot of individual investors will probably lose serious money: they buy high in the first week of listing; sell low in weeks 2-3 to "cut losses", when the rich sharks swoop in and get richer. 🥺
#finance #IPO #India #stockMarket #crazy