Punjab, Oct. 23 -- India's largest IPO closed roughly 21 to 22 times subscribed. Institutions bid it up about 70 times. Retail investors came in at 2.7 times. That gap is the only number from this issue worth remembering.
The book
Jio Platforms' Rs 30,213 crore issue ran from 21 to 23 October. Final-day trackers put the overall figure between 21.33 and 22.19 times depending on the snapshot, with QIB at 67 to 70 times, NII at about 14 times, and retail at 2.70 to 2.72 times.
Demand arrived late. The issue was about 3.01 times covered at the end of day one and 5.24 times at the end of day two. Nearly three-quarters of the book came in on the final day, which is normal for a large issue - institutions wait to see the shape of the book befor...