Jio Platforms IPO Day 3 Live Updates: Total demand tops ₹4.20 lakh crore, retail demand at ₹20,100

Jio Platforms IPO Day 3 Live Updates: The IPO has already drawn demand of over ₹3.7 lakh crore, including more than ₹1.2 lakh crore from public investors across the first two days of bidding. By the end of Day 2, the overall subscription stood at 5.5 times, with QIBs subscribing 13 times.

Jio Platforms IPO Day 3 Live Updates: Bidding for Jio Platforms’ ₹30,213 crore IPO has entered its final day. The issue has already drawn demand of over ₹3.7 lakh crore, including more than ₹1.2 lakh crore from public investors across the first two days of bidding. The IPO was fully subscribed within the first 100 minutes on Day 1, making it the fastest mega IPO in India to achieve the milestone. By the end of Day 2, the overall subscription stood at 5.5 times, with qualified institutional buyers (QIBs) subscribing 13 times their allotted portion and placing bids worth over ₹72,000 crore. The public issue has also received a record number of applications across investor categories, with demand in the first two days reportedly exceeding the combined subscription amount for the next 10 IPOs by five times. Watch this space for live updates on the bidding, market experts’ views and grey market premium (GMP) movement.