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Jio IPO Day 3: India’s First Issue To Cross 1 Crore Applications
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Jio Platforms’ ₹30,213 crore IPO has become the first Indian public issue to attract more than 1 crore applications. By noon on Friday, the final day of bidding, it had drawn 1,00,15,118 applications, beating the 97.3 lakh received by Waaree Energies in October 2024. The issue was subscribed 6.89 times overall at that point. Qualified Institutional Buyers led demand with 14.38 times subscription, followed by Non-Institutional Investors at 9.38 times. The Reliance Industries shareholder quota was booked 5.68 times, employees 2.48 times and retail investors 2.07 times. Applications grew from about 30.5 lakh on day one to over 75 lakh by day two.
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