Jio Platforms IPO Draws ₹3.73 Lakh Crore in Demand Ahead of Closing Day

Jio Platforms’ ₹30,213 crore initial public offering (IPO) has reportedly attracted massive investor interest, with total demand estimated at approximately ₹3.73 lakh crore when public subscription bids and anchor investor commitments are combined. As of October 23, the final day of the offering, the strong response has highlighted investor interest in one of India’s major digital and telecommunications businesses. The company reportedly allotted shares worth ₹8,109.85 crore to 212 anchor investors at the upper end of the price band, while institutional demand was said to have exceeded ₹2.5 lakh crore.

The IPO, offered at ₹1,065–₹1,119 per share, reportedly received bids worth around ₹1.23 lakh crore on its second day and was subscribed more than 5.5 times overall, according to the supplied report. Qualified institutional buyers subscribed 13.29 times, non-institutional investors 5.97 times and retail investors 1.54 times. The employee category was subscribed 2.1 times, while the shareholder reservation category recorded 4.04 times subscription. The issue reportedly became fully subscribed within 100 minutes of opening on October 21. The shares were expected to list on the stock exchanges on October 28. These figures are based on the supplied report and should be checked against official exchange disclosures before making investment decisions. Subscription levels alone do not guarantee listing gains.