Jio Platforms IPO demand hits ₹3.73 lakh crore on day two, subscribed 5.54 times
TradingView reports Jio Platforms' IPO drew ₹3.73 lakh crore in total demand on day two and was subscribed 5.54 times, with retail demand above ₹14,500 crore.
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what happened
Total demand for Jio Platforms' ₹30,213 crore initial public offering reached ₹3.73 lakh crore on day two, including bids from anchor and public investors, according to TradingView. Excluding the anchor book, bids crossed ₹1.23 lakh crore, while retail demand exceeded ₹14,500 crore.
As of 6:30 pm on Thursday, October 22, the offering was subscribed 5.54 times. Qualified institutional buyers placed bids 13.3 times their portion, non-institutional investors 5.9 times, and retail investors 1.5 times. All three categories were fully subscribed. The public issue was filled within 100 minutes on Wednesday, the opening day, which TradingView describes as the fastest-subscribed mega public issue in India.
The IPO closes on Friday, October 23. The shares are expected to list on BSE and NSE on October 28.
why it matters
The scale and speed of demand point to strong investor appetite for one of India's largest offerings, which could affect liquidity and sentiment on BSE and NSE. The final issue price and valuation are not disclosed in the report, so the broader market impact is hard to judge yet.
market impact
Indian equities: a large listing can shift liquidity and sentiment on BSE and NSE
tags
instruments
sources
- Jio Platforms IPO draws ₹3.73 lakh crore demand on Day 2, subscribed 5.54 times — TradingView, 22 October 2026 at 15:38 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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