Jio Platforms IPO fills retail quota on second day as orders reach 3.47 times
Orders for Jio Platforms' $3.2 billion IPO reached 3.47 times the shares offered on day two, with the retail portion fully subscribed, per Reuters.
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what happened
Reuters reports that demand for the $3.2 billion public offering of Jio Platforms, controlled by billionaire Mukesh Ambani, kept rising on Thursday, the second day of bidding. Orders totaled 3.47 times the shares on offer, and exchange data showed the retail portion was completely taken up.
Qualified institutional buyers led the demand, bidding for 9.42 times their allocated quota, according to the same exchange data.
why it matters
If completed, the offering would be India's biggest IPO and Reliance's first public listing in two decades. The deal supports Ambani's push to transform Reliance from an oil and chemicals business into a broad consumer, retail and technology group. Strong uptake signals that investor appetite for large Indian share sales remains robust.
market impact
Reliance and Indian equities: strong demand for a large listing supports sentiment toward the sector
tags
instruments
sources
- Retail investors fully subscribe Ambani’s Jio IPO on second day — Reuters, 22 October 2026 at 05:51 UTC
- Retail investors fully subscribe Ambani's Jio IPO on second day — Reuters, 22 October 2026 at 06:36 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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