Jio Platforms IPO Day 3: Issue Subscribed Nearly 6 Times
Reliance Jio Platforms’ Rs. 30,213-crore IPO continued to attract strong investor demand on the final day of bidding. The issue was subscribed 5.98 times as of 10:18 AM on October 23, with investors tracking the final subscription figures ahead of the closing bell.
Reliance Jio Platforms IPO enters its final day of subscription on October 23, with investors watching demand trends, grey market premium (GMP) and category-wise bidding before the issue closes. The Rs 30,213-crore public offering opened on October 21, with the price band fixed at Rs. 1,065–Rs. 1,119 per share.
At the upper end of the price band, the company’s valuation stands at approximately Rs. 10.3 lakh crore. With the latest subscription figures offering clues about investor appetite, the closing day could prove crucial for those tracking the much-awaited listing.
Here are the latest developments, key numbers and investor updates.