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The ₹30,213-crore issue opened on Wednesday. Friday will be the last day for subscribing to the IPO. On Day 2, investors bid for 1.10 billion shares in aggregate against 197.5 million shares on offer, according to the combined data from both the exchanges. At the upper end of the price band of ₹1,065-1,119 per share, the bids were worth about ₹1.23 lakh crore. Retail investors bid for 130.9 million shares against 85 million shares reserved for them, taking subscription to 1.54 times. The employee quota was subscribed 2.10 times, while the shareholder portion was subscribed 4.04 times. Read more: Record galore! Jio IPO claims crown for highest QIB demand among India’s 5 largest issues, edges past NSE On Day 1, the issue was fully subscribed within 100 minutes, driven by institutional demand. Investors had bid for 623.4 million shares, translating into a total subscription of 3.16 times. Jio Platforms, the digital and telecom arm of Reliance Industries led by Mukesh Ambani, is raising funds through a fresh issue of up to 270 million equity shares, with no offer for sale component. Read more: Jio leverage play pops up at SBI as India brokers lure IPO bets The company plans to use up to ₹27,500 crore of the proceeds to repay or prepay borrowings of its subsidiary Reliance Jio Infocomm. The balance will be used for general corporate purposes. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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