The retail portion of Jio Platforms Ltd's initial public offering got fully subscribed on Thursday, the second day of bidding. Data showed the overall issue was subscribed 3.47 times by 11 am. Qualified institutional buyers led the demand at 9.42 times. The public issue remains open for investors until October 23.
Qualified institutional buyers led the demand at 9.42 times, followed by non-institutional investors at 2.34 times
The retail portion of Jio Platforms Ltd's initial public offering was fully subscribed within two hours of bidding on the second day on Thursday, according to BSE data.
At 11 am, the overall issue was subscribed 3.47 times, with qualified institutional buyers leading demand at 9.42 times, followed by non-institutional investors at 2.34 times.
The shareholders' portion was subscribed 2.06 times, while the employees' quota saw 1.61 times subscription, the exchange data showed.
On Wednesday, the opening day of the IPO, Jio Platforms Ltd's Rs 30,213-crore public issue was fully subscribed within 100 minutes, making it the fastest-subscribed mega public issue in India. Investors placed bids worth about Rs 69,800 crore for 62.36 crore shares by 5 pm.
The offering will remain open until October 23.