India’s biggest IPO: Jio Platforms issue subscribed 5.6x on Day 2; total demand touches Rs 3.73 lakh cr
Mumbai, Oct 22 (TNT) : Maintaining strong institutional and retail momentum, the mega initial public offering (IPO) of Jio Platforms Limited was subscribed 5.6 times at the end of the second day of bidding on Thursday, drawing aggregate bids exceeding 110 crore equity shares worth ₹1.23 lakh crore.
Counting the anchor portion, which saw demand in excess of ₹2.5 lakh crore against an allocation of ₹8,110 crore, cumulative investor demand for the country’s largest public issue climbed to ₹3.73 lakh crore, the company said in a release.
All investor segments crossed full subscription by Day 2:
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Qualified Institutional Buyers (QIBs): The institutional category led demand, getting oversubscribed 13.3 times with bids worth ₹72,898 crore for 65.1 crore shares.
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Non-Institutional Investors (NIIs): The high-net-worth individual book was booked nearly 6 times (5.97x), collecting applications worth ₹24,330 crore.
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Retail Individual Investors (RIIs): The retail quota recorded 1.54 times subscription, attracting commitments totaling ₹14,652 crore.
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Shareholders Quota: The allocation for existing Reliance Industries Limited (RIL) shareholders was subscribed 4 times, with applications crossing ₹10,107 crore.
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Employee Reservation: The employee portion saw demand double the offered size at 2.1 times, logging bids worth ₹1,103 crore against the reserved ₹500 crore.
On Day 2 alone, the offer amassed over ₹50,000 crore in fresh bids against the net offer of 19.75 crore equity shares.
The three-day public issue closes for subscription on Friday, October 23, 2026.
The basis of share allotment will be finalized on Monday, October 26, followed by the crediting of shares to demat accounts on October 27.
Jio Platforms is slated to make its stock market debut on both the BSE and the National Stock Exchange (NSE) on Wednesday, October 28, 2026.
TNT KS
