Jio Platforms IPO Day 2 Sees 5.57 Times Subscription
On the second day of its IPO, Jio Platforms recorded a subscription rate of 5.57 times, signaling strong investor interest.
Overall subscription reached 5.57 times by the end of Day 2.
Qualified Institutional Buyers (QIBs) subscribed 13.29 times.
The grey market premium indicates potential gains of 22%.
Jio Platforms' initial public offering (IPO) entered its second day on October 22, 2026, with impressive investor demand. By 7:00 PM, the overall subscription had surged to 5.57 times, reflecting significant interest from various investor categories. The IPO, which is valued at Rs 30,213 crore, consists of a fresh issue of 27 crore shares priced between Rs 1,065 and Rs 1,119 each, requiring a minimum retail investment of Rs 13,428 for a lot of 12 shares.
The subscription data revealed a particularly strong performance from Qualified Institutional Buyers (QIBs), who subscribed at a rate of 13.29 times. Non-Institutional Investors (NIIs) also showed robust participation at 5.97 times, while retail investors subscribed 1.54 times. The employee reserved portion saw a subscription of 2.10 times, and existing shareholders subscribed at 4.05 times, indicating widespread enthusiasm for the offering.
As of the morning of October 22, the grey market premium (GMP) for the Jio IPO stood at approximately 21.98%, equating to a potential listing price of Rs 1,365 per share, based on the upper end of the price band. This premium suggests that investors are anticipating a strong debut for the shares once they are listed on the stock exchange.
The IPO's first day had already set a solid foundation, with a subscription rate of 3.16 times by the end of the day. The participation from QIBs was notably strong at 9.42 times, while retail investors had a subscription rate of 0.73 times. This upward trajectory in subscription rates indicates a growing confidence in Jio Platforms as a lucrative investment opportunity.
Looking ahead, investors will be keenly watching the remaining days of the subscription period, which is expected to close soon. The allotment date and subsequent listing details will be crucial for those who have participated in this high-profile IPO, as market analysts predict continued interest in Jio Platforms' stock performance post-listing.
