Jio Platforms' $3.2B IPO Subscribed 3.65 Times on Day Two

22 Oct 2026, 12:28 pm · 2h ago · 1 min read · Inc42New

Amount

₹30,213 Cr

Stage

IPO

Reliance Industries’ digital services arm Jio Platforms saw its ₹30,213 crore ($3.2 billion) initial public offering subscribed 3.65 times on its second day of bidding. Qualified institutional buyers led demand, subscribing 9.42 times their reserved portion, while retail investors fully booked their allocation at 1.10 times. Non-institutional investors subscribed 2.85 times. With a price band of ₹1,065 to ₹1,119 per share, the offering is set to become India’s largest IPO, surpassing Hyundai Motor India’s ₹27,870 crore issue. The public issue closes tomorrow following strong participation from domestic and foreign financial institutions.