Listed 28 Oct
Final subscription · demand very high · NSE, 23 Oct, 7:00 PM IST
Jio Platforms IPO was subscribed 22.19 times. That means investors bid for 22.19 times the shares on offer. When demand is this high, retail allotment works like a lottery and most applicants get no shares.
| Investor type | Times subscribed |
|---|---|
| Big funds (QIB) | 70.55× |
| Rich investors (NII) | 14.0× |
| Retail investors | 2.72× |
| Employees | 2.93× |
| Total | 22.19× |
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 · 21 Oct | 9.42× | 1.68× | 0.73× | 3.16× |
| Day 2 · 22 Oct | 13.29× | 5.97× | 1.54× | 5.57× |
| Day 3 · 23 Oct | 70.55× | 14.0× | 2.72× | 22.19× |
End-of-day figures from NSE bid data. Day numbers count trading days from the opening date.
22.19 times overall: QIB 70.55×, NII 14.0×, retail 2.72×.
QIBs are big institutions such as mutual funds and foreign funds. NIIs are rich individuals and companies bidding over ₹2 lakh. Retail is individuals bidding up to ₹2 lakh.
If the retail category is subscribed more than about 1 time, retail shares are given out by lottery, one lot per winning applicant. Higher subscription means lower odds.
Information only, not investment advice. Back to Jio Platforms IPO overview · All IPO GMPs today · Upcoming IPOs