Travels and Rentals shares listed on the BSE SME platform with a 37.5% premium over the IPO price, debuting at Rs 55 against an issue price of Rs 40. The IPO saw strong investor interest, being subscribed over 600 times. Proceeds will be used for working capital and corporate purposes.
Jio IPO: Akash, Isha and Anant Ambani to lead IPO process, says Mukesh Ambani
Reliance Industries Chairman Mukesh Ambani announced that the board has approved the draft prospectus for the much-awaited IPO of Jio Platforms, with Akash Ambani, Isha