Jio Platforms IPO subscription reaches 89%, QIB bids near 3x
In short
Jio Platforms’ IPO opened for subscription in India and was 89% subscribed overall. QIB bids were nearing 3 times, and the price band was ₹1,065 to ₹1,119 per share with a lot size of 12 shares.
The issue already raised ₹8,110 crore from anchor investors. This matters because strong demand can help the offering, but the final subscription and allotment details were not stated.
What the reporting says
Jio Platforms’ IPO opened for subscription in India and had reached 89% overall subscription, with qualified institutional buyer bids nearing 3 times, according to the reported live update. The issue price band was ₹1,065 to ₹1,119 per share, the lot size was 12 shares, and ₹8,110 crore had already been raised from anchor investors. The live update does not say when full subscription or allotment will be completed.
Why it matters
Jio Platforms’ IPO opened for subscription with an 89% overall subscription level and qualified institutional investor bids nearing 3 times, according to the live update. The issue was priced at ₹1,065 to ₹1,119 per share, with a lot size of 12 shares, and had already raised ₹8,110 crore from anchor investors. The reporting suggests strong demand, but it does not confirm the final outcome.