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Jio Platforms IPO Booked 6.76X On Day 3 So Far, QIB Portion Subscribed 14.18X

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Jio Platforms IPO Booked 6.76X On Day 3 So Far, QIB Portion Subscribed 14.18X

Reliance Industries’ digital services arm Jio Platforms’ IPO was subscribed 6.76X as of 11:48 IST on the third and final day of bidding, with institutional investors continuing to drive demand.

Investors bid for 133.51 Cr shares against 19.75 Cr shares on offer, according to BSE subscription data. The overall subscription rose from 5.57X at the end of the second day.

Qualified institutional buyers (QIBs) subscribed their allotted portion 14.18X, placing bids for 69.49 Cr shares against 4.90 Cr shares reserved for the category.

Within the institutional segment, domestic financial institutions, including banks and insurance companies, bid for 34.51 Cr shares, followed by foreign institutional investors at 26.19 Cr shares and mutual funds at 4.36 Cr shares.

The non-institutional investors’ (NIIs) portion was subscribed 9.17X, receiving bids for 33.44 Cr shares against an allocation of 3.64 Cr shares. Within this category, the portion for bids exceeding ₹10 Lakh was subscribed 10.50X, while that for bids above ₹2 Lakh and up to ₹10 Lakh was booked 6.52X.

Retail investors bid for 16.96 Cr shares against 8.50 Cr shares reserved, translating into 1.99X subscription. Meanwhile, the employee and shareholder portions were subscribed 2.46X and 5.59X, respectively.

Jio Platforms has set a price band of ₹1,065–₹1,119 per share for the IPO, which opened on October 21 and closes today. 3 Lakh Cr (about $108 Bn).



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