Jio Platforms IPO Day 2 Live Updates: Issue subscribed 3.16 times on Day 1, QIB demand at 9x
Jio Platforms IPO Day 2 live updates: Jio Platforms’ ₹30,213-crore initial public offering (IPO) enters its second day of bidding on Thursday, October 22, after being subscribed 3.16 times on Day 1. Qualified institutional buyers (QIBs) bid for nearly nine times the shares allocated to their category, while retail investors subscribed to 73 per cent of their reserved portion. Follow live updates…
On the second day of its IPO debut, Jio Platforms saw strong subscription demand. The issue was subscribed 3.16 times on Day 1, crossing the fully subscribed mark on Day 2. Qualified institutional buyers (QIBs) subscribed 9.42 times for their portion, while non-institutional investors (NIIs) subscribed 2.57 times. Retail individual investors (RIIs) subscribed 1.04 times. The employee reservation was also fully subscribed at 1.65 times, and the reservation for Reliance Industries shareholders was at 2.19 times.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
