Retail portion of Jio Platforms’ IPO fully subscribed

The individual retail segment of Jio Platforms' initial public offering (IPO) has been fully subscribed, according to BSE data. By 11:00 am on the second day of bidding, this category had reached its limit. Major demand came from qualified institutional buyers, with a subscription rate of 9.42 times; followed by non-institutional investors at 2.34 times.

The shareholders portion saw a subscription of 2.06 times, while employees' share was 1.61 times subscribed. At 11:00 am on Day 2, the overall issue had reached a subscription rate of 3.47 times. Initially, on Wednesday, the IPO of Jio Platforms Ltd, valued at Rs 30,213 crore, was fully subscribed within 100 minutes, marking it as the quickest-subscribed mega public issue in India.

By 5 pm, investors had placed bids worth approximately Rs 69,800 crore for 62.36 crore shares. The offering will remain open until October 23.