Jio Platforms IPO subscribed 5.57 times on day 2
In short
Jio Platforms’ IPO was 5.57 times subscribed on day 2. Retail investors fully subscribed, and institutional bidders reached 13.29 times. The offer stays open until Friday.
This matters because strong demand can support the IPO and help Jio raise money for debt repayment and other plans. The final subscription level is not stated.
What the reporting says
Jio Platforms’ IPO was subscribed 5.57 times on the second day, with retail investors fully subscribing and institutional bidders reaching 13.29 times, according to a publisher-supplied summary. The offer remains open until Friday, and the reported proceeds are meant to help repay debt and fund corporate initiatives. What is not stated is the final subscription tally or whether the issue price changed.
Why it matters
Jio Platforms’ IPO drew 5.57 times subscription on the second day, with retail investors fully subscribed and institutional bidders at 13.29 times, according to the source summary. The offer is still open until Friday. The reported proceeds are meant for debt repayment and corporate initiatives. The final demand, pricing outcome and any post-offer allocation details are not stated in the available reporting.