Jio Platforms IPO subscribed 5.57 times on day 2 on strong interest

Investor demand for the Jio Platforms initial public offering accelerated on its second day, with the issue subscribed 5.57 times the number of shares available.

Investors submitted bids for an aggregate 1.10 billion shares, compared with the 197.5 million shares offered in the IPO. The figures show that demand significantly exceeded the shares available by the close of the second day.

Demand Outpaces Shares on Offer

The subscription level provides a measure of investor interest in the offering. With bids reaching 5.57 times the offer size, the IPO attracted commitments well above the quantity available for subscription.

The underlying figures also highlight the scale of participation recorded during the session. Against 197.5 million shares on offer, investors sought 1.10 billion shares in total.

What the Second-Day Figures Show

The latest subscription data reflects strong interest in Jio Platforms’ IPO during the second day of bidding. However, the available information does not provide details on the issue’s pricing, investor categories or the final subscription outcome.

For now, the key development is the gap between demand and supply: the number of shares bid for was more than five times the number offered. Further subscription figures would be needed to assess how demand develops after the second day.