[Update] Jio Platforms IPO Closes Day 1 With 3.15X Subscription, QIBs Lead Demand
Jio Platforms' ₹30,213 crore IPO demonstrated strong institutional demand, with qualified institutional buyers bidding for 46.15 crore shares against a 4.9 crore allocation. Domestic financial institutions led with 25.92 crore bids, followed by foreign institutional investors at 16.18 crore. Non-institutional investors achieved 1.68X subscription while retail investors achieved 72%, making them the only category not fully subscribed on day one. Employee and shareholder portions were also oversubscribed.
Key points
- ₹30,213 crore IPO achieved 3.15X subscription on day one.
- QIBs portion oversubscribed at 9.42X; retail investors at 72%.
- Domestic institutional investors led demand at 25.92 crore bids.
- Only retail investor category remained less than fully subscribed.
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