Jio Platforms IPO Day 3 Live Updates: Bidding for Jio Platforms’ ₹30,213-crore IPO is on its final day, with overall subscription crossing 9 times and qualified institutional buyers (QIBs) bidding nearly 21 times their allotted portion. Total demand has crossed ₹4 lakh crore, including bids worth over ₹1.67 lakh crore excluding the anchor book, while retail investor bids have topped ₹20,100 crore.
Jio Platforms IPO Day 3 Live Updates: Bidding for Jio Platforms’ ₹30,213-crore IPO is on its final day, with overall subscription crossing 9 times and qualified institutional buyers (QIBs) bidding nearly 21 times their allotted portion. Total demand has crossed ₹4 lakh crore, including bids worth over ₹1.67 lakh crore excluding the anchor book, while retail investor bids have topped ₹20,100 crore. The issue has also crossed 1 crore applications, making it the first IPO globally to reach the milestone. Jio Platforms’ IPO was fully subscribed within the first 100 minutes on Day 1, making it the fastest mega IPO in India to achieve the milestone. By the end of Day 2, overall subscription stood at 5.5 times, with QIBs subscribing 13 times their allotted portion and placing bids worth over ₹72,000 crore. Total demand from anchor and public investors had exceeded ₹3.7 lakh crore by the close of Day 2. Watch this space for live updates on the bidding, market experts’ views and grey market premium (GMP) movement.