Jio Platforms’ ₹30,213‑crore IPO hit a 22‑fold subscription on day three, with total bids reaching ₹7.4 lakh crore as of 7 pm, according to the BSE filing.
The qualified institutional buyer (QIB) segment alone was 70.55‑times oversubscribed, contributing ₹4.9 lakh crore in bids excluding the anchor book, while the non‑institutional portion hit 14‑times.
Shareholder bids accounted for 7.6‑times the allotment, employee applications rose 2.93‑times, and retail investors were 2.6‑times subscribed, signaling broad market interest beyond the corporate core.
Within the first 100 minutes on day one, the issue achieved full subscription, eclipsing the previous record for speed among Indian mega‑IPOs. The number of applications surpassed one crore, a first for any IPO globally, underscoring the demand intensity.
As the final day concludes, market participants are watching the grey‑market premium (GMP) trajectory; analysts anticipate a premium close to 20‑30% above the offer price, potentially inflating the first‑day closing. The board has indicated no immediate dilution plans, and the company may consider a secondary offering post‑listing to fund expansion, with the next earnings report slated for Q3 2026.