Jio IPO Day 2: GMP at 22%, Issue Subscribed over 3.16; Check Brokerage Views and Key Details
Investors bid 9.42 times the qualified institutional buyer portion as retail demand and anchor interest drove the offering well past the shares on offer.
- On October 22, 2026, the Jio Platforms IPO continued to witness strong investor response during its second day of subscription, maintaining momentum from its record-breaking opening.
- Earlier, the Jio Platforms IPO created history as India's fastest-subscribed mega issue, achieving full subscription within 100 minutes of opening on Wednesday.
- Qualified institutional buyers subscribed 9.42 times the available shares, while non-institutional investor demand reached 2.02 times and retail segment subscription hit 92 per cent.
- The three-day subscription window closes on October 23, 2026, with Jio's day 2 performance sharply outpacing Hyundai Motor India's 18 per cent subscription on its opening day in 2024.
- At the upper price band, Jio Platforms will command a valuation of roughly USD 108 billion through an entirely fresh issue of 27 crore shares, with neither Reliance Industries Ltd nor existing shareholders selling.
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The Jio Platforms IPO is seeing strong demand. The IPO was subscribed across all categories on the second day, and investors bid heavily.
Jio IPO rush continues on Day 2 as retail investors fully subscribe
Jio Platforms' public issue was subscribed 3.64 times by the second day, with retail bids fully covering their quota. The response highlights strong institutional demand and investor trust in the Reliance brand.
Jio Platforms IPO Day 2 Live: Issue subscribed 3.16 times on Day 1, QIB demand at 9x
Jio Platforms IPO Day 2 live updates: Jio Platforms IPO, Check issue details & subscription status. Jio Platforms’ ₹30,213-crore initial public offering (IPO) enters its second day of bidding on Thursday, October 22, after being subscribed 3.16 times on Day 1. Qualified institutional buyers (QIBs) bid for nearly nine times the shares allocated to their category, while retail investors subscribed to 73 per cent of their reserved portion. Follow l…
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