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Jio IPO Day 2: Subscription At 3.27x On Strong Institutional Interest, QIB Demand At 9.42x; GMP At 22%
Jio Platforms' IPO was subscribed 3.27 times overall on its second day of bidding, driven by strong institutional interest.
Key points
- The Jio Platforms IPO was subscribed 3.27 times overall as of 9:39 am on the second day of bidding.
- Qualified institutional buyers led the demand with a subscription rate of 9.42 times.
- Investors bid for approximately 64.57 crore shares against the 19.75 crore shares on offer.
Why it matters. The strong subscription rates and grey market premium suggest positive investor sentiment ahead of India's largest-ever public issue.
Jio Platforms' Rs 30,213-crore initial public offering was subscribed 3.27 times overall by 9:39 am on Thursday, October 22. Qualified institutional buyers led the participation with a subscription rate of 9.42 times. According to investorgain.com, the grey market premium stood at Rs 246 per share, representing approximately 21.98% over the upper price band.
Latest updates
Jio IPO Day 2: Subscription At 3.27x On Strong Institutional Interest, QIB Demand At 9.42x; GMP At 22%
Till 9:39 am, the NII category was subscribed 1.83 times, while the employee and shareholder portions were subscribed 1.48 times and 1.65 times, respectively. Jio Platforms’ initial public offering (IPO) continued to attract strong investor demand on Thursday, October 22, the second day of bidding, with qualified institutional buyers (QIBs) leading participation. The Rs 30,213-crore issue was subscribed 3.27 times overall as of 9:39 am, while the QIB portion was subscribed 9.42 times. Till 9:39 am, the non-institutional investor (NII) category was subscribed 1.83 times, while the employee and shareholder portions were subscribed 1.48 times and 1.65 times, respectively. The retail investor portion was subscribed 0.86 times. Investors had bid for about 64.57 crore shares against 19.75 crore shares on offer across categories, highlighting the strong response to India’s largest-ever public issue. Jio IPO GMP Today Jio Platforms’ grey market premium (GMP) stood at Rs 246 per share on Thursday morning, according to investorgain.com. This represented a premium of around 21.98% over the upper end of the IPO price band of Rs 1,119. At this premium, the indicative listing price works out to about Rs 1,365 per share. The grey market indication suggests positive sentiment ahead of the company’s proposed stock market debut. However, the GMP is an unofficial indicator, can fluctuate before l.
Jio IPO Receives Strong Response: Issue Gets 3.2x Subscription On Day 1, QIB Portion Booked 9.4x
The Jio Platforms IPO sees strong demand from institutional investors, with the qualified institutional buyers (QIB) portion booked 9.42 times the shares reserved for the category. Jio Platforms IPO: The Rs 30,213-crore initial public offering (IPO) of Jio Platforms Ltd, the telecom and digital arm of Reliance Industries, received a strong response from investors on the first day of bidding on Wednesday, October 21, with the issue subscribed 3.2 times overall. The issue saw a strong demand from institutional investors, with the qualified institutional buyers (QIB) portion booked 9.42 times the shares reserved for the category. The IPO, the largest public issue in India’s capital market history, crossed the full-subscription mark within around 100 minutes of opening for bidding, making it the fastest among mega-IPOs to reach full subscription. Demand extended across investor categories, with the non-institutional investor (NII) segment, employee quota and shareholder reservation portion also receiving bids exceeding their respective allocations. Jio Platforms IPO Subscription Status: Records Set The QIB category led the demand on Day 1, with bids for 9.42 times the shares reserved for institutional investors. The NII portion was subscribed 1.83 times, while the employee quota received bids for 1.36 times its allocation. The shareholder reservation portion was subscribed 1.46 tim.
Jio Platforms IPO Day 1 Live Updates: Subscription Rises To 3x; QIB Portion Booked 9x
Jio Platforms IPO Live Updates: Follow latest updates on Day 1 subscription status, GMP today, price band, lot size, issue details, and analysts' recommendations. Jio Platforms IPO Live Updates: The Rs 30,213-crore initial public offering (IPO) of Reliance Industries’ digital services arm, Jio Platforms, crossed the full-subscription mark in record time on the first day of bidding on Wednesday, October 21. The Jio Platforms IPO was subscribed 2.96 times overall as of 4:14 pm on Wednesday, October 21, the first day of bidding. Demand from qualified institutional buyers (QIBs) remained particularly strong, with the category subscribed 8.97 times. The non-institutional investor (NII) portion was subscribed 1.48 times, while the retail individual investor category saw 0.67 times subscription. The issue was fully subscribed till 10:36 am, becoming the fastest subscribed mega IPO in Indian capital markets, with investors bidding for about 20.25 crore shares against 19.75 crore shares on offer. With this, the Jio Platforms IPO has emerged as the fastest among recent mega-IPOs to achieve the milestone despite having a larger issue size than its peers. Jio Platforms opened its much-awaited initial public offering (IPO) for public subscription on October 21, and the three-day IPO will close on October 23. Jio Platforms has fixed the price band at Rs 1,065-1,119 per equity share, while th.
Jio Platforms Rs 30,213 crore IPO crosses full subscription on day one
The Rs 30,213-crore initial public offering of Reliance Industries’ digital arm, Jio Platforms, crossed its full-subscription mark on the very first day of bidding on October 21. According to exchange data, the mega public issue was subscribed 2.96 times overall by late afternoon, driven by strong institutional interest. The Qualified Institutional Buyer portion was heavily booked at approximately 9 times within hours of opening. Market analysts have closely monitored the share price band, lot size, and grey market premium amid robust retail and corporate participation. The bidding window for the IPO remains open for investors over the coming days before final share allotment.
Jio Platforms IPO Creates History: 5 Records Broken As Rs 30,213-Crore Issue Gets Fastest Subscription
The IPO crossed the full-subscription mark by 10:36 am on Wednesday, October 21, underscoring strong investor demand for the country's largest public issue. Jio Platforms IPO: Reliance Industries-backed Jio Platforms Ltd has set multiple records on the opening day of its initial public offering (IPO), with the Rs 30,213-crore issue becoming India’s biggest-ever IPO and the fastest among recent mega-IPOs to achieve full subscription. The IPO crossed the full-subscription mark by 10:36 am on Wednesday, October 21, underscoring strong investor demand for the country’s largest public issue. The milestone comes despite the issue being larger than other recent mega-IPOs, including those of Hyundai Motor India and LG Electronics India. As of 11:30 am on Day 1, the Jio Platforms IPO was subscribed 1.28 times, with investors bidding for 25,20,52,632 shares against 19,75,25,934 shares on offer, according to subscription data. The issue has drawn particularly strong interest from qualified institutional buyers (QIBs), whose reserved portion was subscribed 3.86 times by 11:30 am. Demand from retail investors and non-institutional investors (NIIs), however, remained below their respective reserved quotas at that point. Jio Platforms IPO: Five Records Set on Day 1 1. India’s biggest-ever IPO With a total issue size of Rs 30,213 crore, Jio Platforms has surpassed Hyundai Motor India’s Rs 27,8.
Jio Platforms IPO Creates History: 5 Records Broken As Rs 30,213-Crore Issue Gets Fastest Subscription
The IPO crossed the full-subscription mark by 10:36 am on Wednesday, October 21, underscoring strong investor demand for the country's largest public issue. Jio Platforms IPO: Reliance Industries-backed Jio Platforms Ltd has set multiple records on the opening day of its initial public offering (IPO), with the Rs 30,213-crore issue becoming India’s biggest-ever IPO and the fastest among recent mega-IPOs to achieve full subscription. The IPO crossed the full-subscription mark by 10:36 am on Wednesday, October 21, underscoring strong investor demand for the country’s largest public issue. The milestone comes despite the issue being larger than other recent mega-IPOs, including those of Hyundai Motor India and LG Electronics India. As of 11:30 am on Day 1, the Jio Platforms IPO was subscribed 1.28 times, with investors bidding for 25,20,52,632 shares against 19,75,25,934 shares on offer, according to subscription data. The issue has drawn particularly strong interest from qualified institutional buyers (QIBs), whose reserved portion was subscribed 3.86 times by 11:30 am. Demand from retail investors and non-institutional investors (NIIs), however, remained below their respective reserved quotas at that point. Jio Platforms IPO: Five Records Set on Day 1 1. India’s biggest-ever IPO With a total issue size of Rs 30,213 crore, Jio Platforms has surpassed Hyundai Motor India’s Rs 27,8.
Jio Platforms IPO Creates History: 5 Records Broken As Rs 30,213-Crore Issue Gets Fastest Subscription
The IPO crossed the full-subscription mark by 10:36 am on Wednesday, October 21, underscoring strong investor demand for the country's largest public issue. Jio Platforms IPO: Reliance Industries-backed Jio Platforms Ltd has set multiple records on the opening day of its initial public offering (IPO), with the Rs 30,213-crore issue becoming India’s biggest-ever IPO and the fastest among recent mega-IPOs to achieve full subscription. The IPO crossed the full-subscription mark by 10:36 am on Wednesday, October 21, underscoring strong investor demand for the country’s largest public issue. The milestone comes despite the issue being larger than other recent mega-IPOs, including those of Hyundai Motor India and LG Electronics India. As of 11:30 am on Day 1, the Jio Platforms IPO was subscribed 1.28 times, with investors bidding for 25,20,52,632 shares against 19,75,25,934 shares on offer, according to subscription data. The issue has drawn particularly strong interest from qualified institutional buyers (QIBs), whose reserved portion was subscribed 3.86 times by 11:30 am. Demand from retail investors and non-institutional investors (NIIs), however, remained below their respective reserved quotas at that point. Jio Platforms IPO: Five Records Set on Day 1 1. India’s biggest-ever IPO With a total issue size of Rs 30,213 crore, Jio Platforms has surpassed Hyundai Motor India’s Rs 27,8.
Jio Platforms IPO Creates History: 5 Records Broken As Rs 30,213-Crore Issue Gets Fastest Subscription
The IPO crossed the full-subscription mark by 10:36 am on Wednesday, October 21, underscoring strong investor demand for the country's largest public issue. Jio Platforms IPO: Reliance Industries-backed Jio Platforms Ltd has set multiple records on the opening day of its initial public offering (IPO), with the Rs 30,213-crore issue becoming India’s biggest-ever IPO and the fastest among recent mega-IPOs to achieve full subscription. The IPO crossed the full-subscription mark by 10:36 am on Wednesday, October 21, underscoring strong investor demand for the country’s largest public issue. The milestone comes despite the issue being larger than other recent mega-IPOs, including those of Hyundai Motor India and LG Electronics India. As of 11:30 am on Day 1, the Jio Platforms IPO was subscribed 1.28 times, with investors bidding for 25,20,52,632 shares against 19,75,25,934 shares on offer, according to subscription data. The issue has drawn particularly strong interest from qualified institutional buyers (QIBs), whose reserved portion was subscribed 3.86 times by 11:30 am. Demand from retail investors and non-institutional investors (NIIs), however, remained below their respective reserved quotas at that point. Jio Platforms IPO: Five Records Set on Day 1 1. India’s biggest-ever IPO With a total issue size of Rs 30,213 crore, Jio Platforms has surpassed Hyundai Motor India’s Rs 27,8.
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Jio Platforms opens ₹30,213 crore IPO, pitches 7,220 patents as tech edge
Jio Platforms, the digital arm of Reliance Industries, opened its ₹30,213 crore initial public offering for subscription on Tuesday. The company is pitching investors on its proprietary 4G and 5G technology stack, cloud infrastructure, artificial intelligence capabilities, and a portfolio of 7,220 patent applications. According to its red herring prospectus, Jio is positioning itself as a technology company rather than a pure telecom operator. The current financial engine of the business, however, remains overwhelmingly dependent on telecom revenue. The IPO is being closely watched as one of India's largest public offerings. Subscription data for the first day was not immediately available.
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