Jio Platforms Ltd’s Rs 30,213-crore initial public offering (IPO) continued to attract strong investor demand on the second day of subscription on Thursday. On the Day2 of the IPO, all three investor categories fully subscribed.
The IPO has drawn interest from retail investors, qualified institutional buyers (QIBs) and non-institutional investors (NIIs), with all portions of the issue booked by the second day. Investors will closely track the subscription figures as the issue progresses, particularly institutional participation, which is often seen as an indicator of broader market confidence in the offering.
At 11:30 AM, the IPO was subscribed 3.50 times with the investors bidding for 69.08 crore shares against 19.75 crore shares on offer.
The portion reserved for qualified institutional buyers was subscribed 9.42 times, with bids for 46.15 crore shares against 4.90 crore shares on offer.
Demand from non-institutional investors reached 2.42 times the shares reserved for them. The retail investor segment was subscribed 1.02x, with bids for 8.63 crore shares against 8.50 crore shares on offer.
The company’s anchor book drew demand of more than Rs 2.5 lakh crore, over 30 times the shares available to anchor investors. Jio allotted shares worth Rs 8,109.85 crore to 212 anchor investors at the upper end of its price band.
Day 1 of Jio IPO:
Jio Platforms’ IPO on the first day of bidding closed with an overall subscription of three times the shares on offer, driven by strong demand from qualified institutional buyers (QIBs).
The company received bids for over 59 crore shares against 19.75 crore shares available for subscription, indicating robust investor interest in the issue.
At the end of the first day of bidding, the Jio Platforms IPO was subscribed 3 times overall, against 19.75 crore shares on offer.
The retail individual investor (RII) segment received bids for 68% of its 8.50 crore shares, while the non-institutional investor (NII) portion was subscribed 1.57 times against 3.64 crore shares available.