[Update] Jio Platforms IPO Ends Day 2 With 5.57X Subscription, QIBs Lead Demand
India, Oct. 22 -- Update | October 22, 19:35 IST
Jio Platforms' Rs.30,213 Cr IPO ended the second day of bidding with 5.57X subscription, receiving bids for 110.03 Cr shares against 19.75 Cr shares on offer, according to BSE data.
Qualified institutional buyers (QIBs) led demand, bidding for 65.15 Cr shares against 4.90 Cr shares reserved for the category, taking subscription to 13.29X. The non-institutional investor (NII) portion was subscribed 5.97X, with bids for 21.76 Cr shares.
Within the NII category, the portion reserved for applications exceeding Rs.10 Lakh was subscribed 6.76X, while the segment for applications above Rs.2 Lakh and up to Rs.10 Lakh was booked 4.38X.
The retail portion was subscribed 1.54X, receiving bids for ...
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