Jio Platforms IPO retail quota fully subscribed within hours on Day 2

Jio Platforms' IPO continued to attract strong investor interest on Day 2, with the retail investor segment fully subscribed within two hours of trading. The issue was subscribed 3.47 times overall by 11 am, led by robust demand from qualified institutional buyers.

New Delhi: The retail portion of Jio Platforms’ initial public offering has been fully subscribed, within two hours into the second day of bidding on Thursday, according to BSE data.

By 11:00 am, the retail individual investors category got fully subscribed.

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Qualified institutional buyers led the 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.

Overall, the issue was subscribed 3.47 times at 11:00 am on Day 2, the exchange data showed.

On Wednesday, the opening day of the IPO, Jio Platforms Ltd’s Rs 30,213-crore initial public offering was fully subscribed within 100 minutes, making it the fastest-subscribed mega public issue in India, with investors placing bids worth about Rs 69,800 crore for 62.36 crore shares by 5 pm.

The offering will remain open until October 23.