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Jio Platforms IPO Day 2 Live: Massive Demand Drives Record Bidding
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News18•22-10-2026, 08:11
Jio Platforms IPO Day 2 Live: Massive Demand Drives Record Bidding
- •The Rs 30,213-crore Jio Platforms IPO entered its second day of bidding after crossing the full-subscription mark in less than 100 minutes on Day 1.
- •The QIB portion was booked 9.42 times, while the NII portion saw a subscription of 1.83 times the shares reserved.
- •The retail investor segment generated record-breaking demand, attracting bids worth over Rs 6,900 crore on the first day itself.
- •The three-day IPO is open for public subscription from October 21 to October 23, with a price band set at Rs 1,065 to Rs 1,119 per equity share.
Key Questions Answered
Jio Platforms has fixed its IPO price band at Rs 1,065 to Rs 1,119 per equity share with a lot size of 12 shares. At the upper end of this price band, retail investors are required to invest a minimum of Rs 13,428 to apply for a single lot.
The Rs 30,213-crore initial public offering for Jio Platforms opened for public bidding on October 21 and is scheduled to close on October 23, 2026.
The issue crossed its full-subscription mark in under 100 minutes on Day 1. The qualified institutional buyers (QIB) portion was booked heavily at 9.42 times, while the retail investor segment generated the highest Day 1 retail demand for any Indian IPO with bids exceeding Rs 6,900 crore.
