Jio Platforms IPO draws ₹3.73 lakh crore demand on Day 2, subscribed 5.54 times
Jio Platforms received 3.73 lakh crore in demand for its 30,213 crore IPO on Day 2, achieving a 5.54 times subscription led by qualified institutional buyers.
Jio Platforms Ltd’s ₹30,213 crore initial public offering attracted total demand of over ₹3.7 lakh crore by the end of Day 2, including anchor investors. Demand in the public book crossed ₹1.2 lakh crore over the first two days of subscription.The IPO was subscribed 5.54 times overall as of 6:30 pm on Thursday, October 22. Qualified institutional buyers led the demand, with their portion subscribed 13.3 times and demand exceeding ₹72,000 crore.
The non-institutional investor portion was subscribed 5.9 times, while the retail investor portion was subscribed 1.5 times.On Wednesday, the opening day of the IPO, the issue was fully subscribed within the first 100 minutes of bidding, making it the fastest-subscribed mega public issue in Indian IPO history.Jio Platforms IPO subscription status on Day 2The category-wise subscription status as of 6:30 pm on October 22 was as follows:Overall subscription: 5.54 timesQualified institutional buyers : 13.3 timesNon-institutional investors : 5.9 timesRetail investors: 1.5 timesAll three investor categories were fully subscribed by Day 2, with QIBs recording the highest subscription.Jio Platforms IPO records highest Day 2 demandJio Platforms recorded subscription demand of ₹1.22 lakh crore by the end of Day 2, excluding anchor investors. This was the highest Day 2 demand among the leading IPOs listed in the comparison, ahead of Bajaj Housing Finance, which recorded ₹41,200 crore, and Tata Technologies at ₹34,000 crore.Waaree Energies recorded Day 2 demand of ₹27,900 crore, while LG Electronics India received ₹27,100 crore and Zomato ₹26,300 crore. Meesho recorded ₹24,700 crore, followed by SBI Funds Management at ₹20,200 crore, NSE at ₹18,300 crore, ICICI Prudential AMC at ₹16,000 crore and LIC India at ₹15,100 crore.The issue also recorded the highest Day 2 subscription demand among the leading IPOs, at around five times the average amount for the next 10 IPOs.Jio Platforms IPO closing date and listingThe IPO opened for subscription on October 21 and will close on Friday, October 23, 2026. The shares are expected to list on the BSE and NSE on October 28.Read More: Jio Platforms IPO draws ₹3.2 lakh crore demand, subscribed 3.2 times on Day 1
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