Jio Platforms’ fresh issue of ₹30,213 crore has drawn a 4.81‑fold subscription, with bids now totaling ₹3.5 lakh crore as of second‑day close—up 11.41‑fold for QIBs and 4.97‑fold for non‑institutional investors.
Retail investors, the most volatile segment, have already purchased 1.42 times the allotted shares, amounting to ₹14,000 crore, while employee and existing shareholder pools are 1.97 and 3.56 times subscribed respectively, according to the latest NSE data.
The anchor book, which pre‑opened at ₹2.5 lakh crore, has already funneled ₹8,110 crore to the issuer before the public bid window opened, underscoring the depth of demand.
All proceeds—₹30,213 crore—will go straight to Jio Platforms’ balance sheet, earmarked primarily for debt reduction, as the company has no offer‑for‑sale component.
Currently trading in the grey market at ₹243, a 22% premium over the issue price of ₹1,119, the GMP reflects speculative sentiment; the actual listing price on BSE and NSE on Oct 28 may differ.
The subscription window closes on Friday, Oct 23; allotments will be finalized on Monday, Oct 26, with the company expected to list on Wednesday, Oct 28, setting the stage for a debut that analysts predict will be robust.