Jio Platforms IPO: QIB Quota Booked Within Minutes, Issue Subscribed 58% So Far

by · Inc42

SUMMARY

  • Jio Platforms’ ₹30,213 Cr IPO was subscribed 58% as of 09:45 IST on Day 1, with the QIB quota booked 1.95X within minutes of opening
  • Institutional investors drove early demand, while the retail and NII portions were subscribed 10% and 12%, respectively
  • The fresh issue, priced at ₹1,065-₹1,119 per share, will close on Friday and primarily fund debt repayment at Reliance Jio Infocomm