Download AppNewsBusinessIPOJio Platforms IPO Day 2 Live: IPO enters 2nd day after 3x bidding on Day 1Live blogJio Platform LIVE Day 2: Reliance Jio Platforms’ IPO enters its second day of bidding on October 22, after the issue was subscribed 3.04 times on Day 1. Demand from qualified institutional buyers (QIBs) led the response, with their portion subscribed 9.04 times, while the non-institutional investor (NII) category was subscribed 1.61 times.
The retail portion stood at 0.73 times at the close of the first day....Read MoreThe IPO will close for bidding on October 23. The Jio Platforms IPO enters its second day of bidding on October 22 after attracting bids for 3.04 times the shares on offer on Day 1.
The qualified institutional buyer (QIB) portion, excluding anchor investors, was subscribed 9.04 times, while the non-institutional investor (NII) category was subscribed 1.61 times. The retail portion was subscribed 0.73 times, according to data available at the close of bidding on October 21.
The grey market premium (GMP) stood at Rs 246 as of 7.37 am on October 22. At the upper price band of Rs 1,119 per share, this implies an indicative listing price of Rs 1,365.
The GMP is unofficial and does not guarantee the listing price or returns. Follow this LIVE blog for the latest subscription figures, GMP movements and developments around the Jio Platforms IPO. ...Read More