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Jio Platforms IPO closes October 23 after 5.4x subscription on Day 2
Jio Platforms closed its IPO on October 23 after the public issue was subscribed 5.40 times by the end of Day 2.
Key points
- Jio Platforms' IPO received bids for 62.3 Cr shares against 19.75 Cr shares on offer.
- The QIB portion was subscribed 9.42X, with bids for 46.15 Cr shares against 4.9 Cr shares allocated.
- Retail investors bid for 6.15 Cr shares against 8.5 Cr shares on offer, a 72% subscription.
Why it matters. Strong institutional demand on day one may shape pricing and allotment for retail and other investors in one of India's largest IPOs.
Jio Platforms concluded its public issue in India on October 23. The Rs 30,213-crore offering was subscribed 5.40 times by the end of the second day with a price band of Rs 1,065-Rs 1,119 per share. Allotments are expected on October 26 before shares list on the BSE and NSE on October 28.
Latest updates
Jio Platforms IPO closes October 23 after 5.4x subscription on Day 2
The Jio Platforms IPO concludes its bidding process on October 23. The public issue, valued at Rs 30,213 crore, recorded a subscription rate of 5.40 times by the close of Day 2. Investors are currently monitoring the grey market premium and category-wise demand as the window closes. Allotment dates and listing details are expected to follow the subscription deadline.
Update Jio Platforms IPO Closes Day With 3.15X Subscription, QIBs Lead Demand
Update | October 21, 18:45 IST Jio Platforms’ ₹30,213 Cr IPO closed its first day with 3.15X subscription, driven by… Update | October 21, 18:45 IST Jio Platforms’ ₹30,213 Cr IPO closed its first day with 3.15X subscription, driven by strong demand from institutional investors. Investors bid for 62.3 Cr shares against 19.75 Cr shares on offer. The qualified institutional buyers’ (QIBs) portion was subscribed 9.42X, receiving bids for 46.15 Cr shares against an allocation of 4.9 Cr shares. Domestic financial institutions, including banks and insurance companies, accounted for the largest share of institutional bids at 25.92 Cr shares, followed by foreign institutional investors at 16.18 Cr shares. The non-institutional investors’ (NIIs) portion was subscribed 1.68X, with bids for 6.11 Cr shares against 3.64 Cr shares reserved for the category. Retail investors bid for 6.15 Cr shares against the 8.5 Cr shares on offer, translating to 72% subscription. It was the only investor category that was not fully subscribed on the first day. The employee portion was subscribed 1.36X, attracting bids for 63.84 Lakh shares against 46.95 Lakh shares reserved. Meanwhile, the portion reserved for eligible shareholders of Reliance Industries was subscribed 1.45X, receiving bids for 3.24 Cr shares against an allocation of 2.23 Cr shares. Original | October 21, 2026, 09:15 IST Reliance Industries’.