Jio IPO Achieves 100% Subscription in Under 100 Minutes
On October 21, Jio Platforms Limited's IPO saw overwhelming demand, reaching full subscription within minutes.
Jio IPO was fully subscribed in less than 100 minutes on day 1.
The QIB category saw a subscription rate of 9.42 times.
Retail investors have yet to fully subscribe, with a rate of 0.73 times.
The initial public offering (IPO) of Jio Platforms Limited, backed by Reliance Industries Limited, experienced a remarkable start on October 21, achieving full subscription in under 100 minutes. This strong demand reflects the market's confidence in the company as it opened for public investment.
On the first day, the Jio IPO garnered a total subscription of approximately 3.16 times, driven primarily by significant interest from qualified institutional buyers (QIBs). The anchor allocation, amounting to ₹8,110 crore, attracted institutional demand exceeding ₹2.5 lakh crore, indicating a robust appetite for the offering.
In the QIB category, the IPO was subscribed 9.42 times, showcasing the strong interest from various institutional investors. A total of 212 participants, including global asset managers and domestic mutual funds, engaged in the anchor allocation, further solidifying the offering's appeal.
Conversely, the retail investor category has not yet reached full subscription, with a current rate of 0.73 times as of 7 PM on the opening day. The non-institutional investor (NII) category saw a subscription of 1.68 times, while the employee category recorded a subscription of 1.36 times. Additionally, the section reserved for Reliance Industries Limited shareholders was subscribed approximately 1.46 times.
The Jio IPO remains open for subscription until October 23, allowing investors additional time to participate. The final subscription figures will provide a comprehensive view of demand across all investor categories, including institutional, non-institutional, retail, employee, and shareholder segments.
