Stories
Jio IPO Enters Day 2 After Blockbuster Opening Worth 3.16x Subscription
- •Jio Platforms' Rs 30,200-crore initial public offering enters its second day of bidding after a strong opening.
- •The mega issue was subscribed 3.16 times on Day 1, driven primarily by heavy demand from institutional investors.
- •The qualified institutional buyers portion saw a massive subscription of 9.42 times.
- •Major global funds and domestic mutual funds participated in the Rs 8,109.84-crore anchor book.
- •The IPO remains open for subscription until October 23, with focus turning to retail investor participation.
Key Questions Answered
Jio Platforms' initial public offering is a mega issue valued at Rs 30,200 crore. The bidding opened with a blockbuster response and runs until October 23, 2026.
On Day 1, the overall issue was subscribed 3.16 times, driven heavily by institutional demand. The qualified institutional buyers portion was subscribed 9.42 times, non-institutional investors 1.68 times, shareholder and employee portions 1.46 times and 1.37 times respectively, while retail investors bid for 0.73 times their reserved shares.
The Rs 8,109.84-crore anchor book on October 19 saw participation from 212 investors, including global heavyweights like Singapore's GIC, Norges Bank, Abu Dhabi Investment Authority, and Qatar Investment Authority, alongside domestic mutual funds like SBI and HDFC, and insurers such as LIC.
