Jio Platforms Ltd's Rs 30,213-crore initial public offering (IPO) continued to attract strong investor demand on the second day of subscription on Thursday. On the Day2 of the IPO, all three investor categories fully subscribed.
\n\nThe IPO has drawn interest from retail investors, qualified institutional buyers (QIBs) and non-institutional investors (NIIs), with all portions of the issue booked by the second day. Investors will closely track the subscription figures as the issue progresses, particularly institutional participation, which is often seen as an indicator of broader market confidence in the offering.
\n\nAt 11:30 AM, the IPO was subscribed 3.50 times with the investors bidding for 69.08 crore shares against 19.75 crore shares on offer.
\n\nThe portion reserved for qualified institutional buyers was subscribed 9.42 times, with bids for 46.15 crore shares against 4.90 crore shares on offer.
\n\nDemand from non-institutional investors reached 2.42 times the shares reserved for them. The retail investor segment was subscribed 1.02x, with bids for 8.63 crore shares against 8.50 crore shares on offer.
\n\nThe company’s anchor book drew demand of more than Rs 2.5 lakh crore, over 30 times the shares available to anchor investors. Jio allotted shares worth Rs 8,109.85 crore to 212 anchor investors…
Original source: https://www.timesnownews.com/business-economy
