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India · Updated 21 Oct, 10:02 am IST

Jio Platforms IPO QIB Booked Quickly, 58% Subscribed Early on Day 1

Image: Inc42

Why it matters for readers: Provides a quick view of how a major Indian IPO is performing and who is buying the shares early on.

  • The overall IPO was 58% subscribed as of 09:45 IST on Day 1.1
  • Qualified institutional buyers (QIBs) bid for 9.57 crore shares against 4.90 crore reserved, a 1.95x subscription.1
  • Domestic financial institutions, banks and insurers drove most institutional demand, while foreign institutional investors also participated.1
  • Non-institutional investors had subscribed about 12% and retail investors about 10% of their respective quotas early on.1
  • The fresh issue is priced at ₹1,065–₹1,119 per share and will primarily fund debt repayment at Reliance Jio Infocomm.1
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