Jio Platforms IPO Sees Record Demand, Subscribed 2.3 Times As QIB Bids Surge

Jio Platforms’ mega IPO has attracted a strong response from investors, with total subscription crossing 2.3 times and bids worth over ₹50,000 crore reported. The qualified institutional buyers (QIB) portion has been subscribed seven times, while retail investor participation stands at 61%. Nachiket Kelkar of Business Today brings you the latest details, with insights from Pankaj Pandey, Head of Research, ICICI Direct, on investor sentiment and the IPO’s strong demand. The issue reportedly achieved full subscription within just 100 minutes of opening. Anchor investors also showed strong interest, with bids exceeding ₹2.5 lakh crore, led by global names including BlackRock, Fidelity Investments and JPMorgan. The response highlights investor interest in India’s digital growth story.