Jio Platforms’ ₹30,213 crore IPO drew ₹3.73 lakh crore demand by Day 2, getting subscribed 5.54 times. As of 6:30 pm on Thursday, October 22, qualified institutional buyers led the interest with 13.3 times subscription. Retail investors also showed support, pushing their portion to 1.5 times before the Friday closing date.

Jio Platforms’ ₹30,213 crore initial public offering (IPO) attracted total demand of ₹3.73 lakh crore on Day 2, including bids from anchor investors and public investors. Bids excluding the anchor book crossed ₹1.23 lakh crore, while retail investor demand exceeded ₹14,500 crore.

The IPO was subscribed 5.54 times as of 6:30 pm on Thursday, October 22. Qualified institutional buyers (QIBs) led the demand, with their portion subscribed 13.3 times, followed by non-institutional investors (NIIs) at 5.9 times.

The retail investor portion was subscribed 1.5 times. All three investor categories were fully subscribed on Day 2, with QIBs and NIIs leading demand.

On Wednesday, the opening day of the IPO, Jio Platforms’ public issue was fully subscribed within 100 minutes, making it the fastest-subscribed mega public issue in India.

Jio Platforms IPO subscription status on Day 2

The category-wise subscription status of the Jio Platforms IPO as of 6:30 pm on October 22 was as follows:

Overall subscription: 5.54 times

Qualified institutional buyers (QIBs): 13.3 times

Non-institutional investors (NIIs): 5.9 times

Retail investors: 1.5 times

QIBs recorded the highest subscription among the three reported categories, followed by NIIs and retail investors.

Jio Platforms IPO attracts ₹3.73 lakh crore in demand

Total demand for the Jio Platforms IPO reached ₹3.73 lakh crore, combining demand from anchor investors and public investors. Bids excluding the anchor book crossed ₹1.23 lakh crore.

Retail investor demand also crossed ₹14,500 crore as the issue entered its second day of bidding.

Jio Platforms IPO closing date, listing

The 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.