THEBUSINESSBYTES
BUREAU
MUMBAI,
OCTOBER 22, 2026
Jio Platforms Ltd's
initial public offering (IPO) attracted overwhelming investor interest on the
second day of bidding, with the issue subscribed 5.6 times and total demand,
including the anchor book, reaching Rs 3.73 lakh crore.
Investors placed bids
for more than 110 crore shares worth Rs 1.23 lakh crore against the 19.75 crore
shares available in the public offer, reflecting strong demand across all
investor categories.
Institutional
investors led the subscription, with the qualified institutional buyers (QIB)
segment subscribed 13.3 times. The category received bids for 65.1 crore
shares, translating into applications worth Rs 72,898 crore.
The non-institutional
investors (NII) category was subscribed nearly six times, attracting bids worth
Rs 24,330 crore, while the retail investors' portion was subscribed 1.54 times,
with aggregate bids of Rs 14,652 crore.
The employee quota
was subscribed 2.1 times, with bids worth Rs 1,103 crore against shares
reserved worth Rs 500 crore.
Existing shareholders
of Reliance Industries Ltd (RIL) also showed strong interest, bidding for four
times the shares reserved for them. The shareholder category attracted bids
worth more than Rs 10,107 crore.
The second day of the
public issue alone garnered bids exceeding Rs 50,000 crore, adding to the
exceptional response witnessed in the anchor book.
The anchor book had
attracted applications exceeding Rs 2.5 lakh crore for shares worth Rs 8,110
crore, taking the overall demand for the IPO to Rs 3.73 lakh crore, according
to the figures provided.
The strong
subscription across institutional, retail, employee and shareholder categories
underscores the broad-based investor interest in the much-anticipated public
offering.
The IPO will close on Friday, October 23, 2026. The basis of allotment is scheduled for October 26, while shares are expected to be credited to investors' demat accounts on October 27.
Jio Platforms shares are scheduled to list on the BSE and NSE on Wednesday, October 28, 2026.
