Jio Platforms IPO Booked 6.76X On Day 3 So Far, QIB Portion Subscribed 14.18X
Jio Platforms, the digital services arm of Reliance Industries, received strong subscription on the third and final day of its IPO, with bids for 133.51 crore shares against 19.75 crore on offer. Qualified institutional buyers (QIBs) drove the strongest demand, oversubscribing their portion 14.18x. The offering raised approximately Rs 30,213 crore (about $3.2 billion), making it one of the largest IPOs. Non-institutional investors subscribed 9.17x, while retail investors showed more moderate demand at 1.99x. The IPO was priced at Rs 1,065–Rs 1,119 per share.
Key points
- 6.76x subscription on final day; QIBs subscribed 14.18x
- ~Rs 30,213 crore offering; among largest IPOs
- Strong institutional demand (FII, DFI, mutual funds)
- Retail participation lower at 1.99x subscription
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