Jio IPO closes 22.19 times subscribed, with QIBs at 70 times
In short
Jio Platforms’ Rs 30,213 crore IPO has closed with 22.19 times subscription. The source says bids came in for 428 crore shares, QIB demand was 70 times, and retail demand was 2.72 times. The grey market premium was about 21% ahead of the October 28 listing.
This points to very strong demand for the issue and may support listing interest. The final allotment result is still not stated in the available reporting.
What the reporting says
Jio Platforms’ Rs 30,213 crore IPO closed with 22.19 times subscription, attracting bids for 428 crore shares, according to the publisher-supplied summary. Qualified institutional buyers subscribed 70 times and retail investors 2.72 times, while the grey market premium stood around 21% ahead of the October 28 listing. The final allotment outcome is not stated in the available reporting.
Why it matters
Jio Platforms’ IPO ended with 22.19 times subscription and bids for 428 crore shares, led by qualified institutional buyers at 70 times and retail investors at 2.72 times. The grey market premium was said to be around 21% before the October 28 listing. The reporting signals strong demand and potential listing interest, but it does not provide the final allotment details.