Jio Platforms Ltd’s Rs 30,200-crore initial public offering has attracted total demand of about Rs 3.68 lakh crore, combining interest from anchor investors apart from the bids received till the second day of public subscription.
Jio Platforms has allotted shares worth Rs 8,109.85 crore to 212 anchor investors at the top end of its price band, after institutional demand for the offering reached Rs 2.5 lakh crore, more than 30 times the amount available in the anchor book.
Investors also bid for shares worth Rs 1.18 lakh crore (when calculated at upper end of price band Rs 1,065-Rs 1,119) on the second day of public subscription on October 22 as of 5:45 pm. Investors bid for over 5.3 times the shares on offer. The demand makes it the highest-value bid among Indian IPOs that raised more than Rs 15,000 crore, based on the figures available.
The Jio IPO subscription will end on October 23, and listing is expected on October 28.