Final subscription day for Jio Platforms IPO with GMP and UPI timing details.
Context
What happened: The Jio Platforms IPO closes for subscription on Friday, October 23, the last day to subscribe to India's biggest ever IPO. Applications are accepted until 5 pm, with UPI mandate creation by 7 pm.
Key numbers: Subscribed 5.57 times by end of day two. Bids of 1,12,20,21,276 equity shares worth Rs 1.25 lakh crore as of 9.10 am on October 23.
Why it matters: The subscription levels across QIB, HNI, retail, shareholder and employee portions indicate strong demand for the offering ahead of its close.
What changed
The Jio Platforms IPO closes for subscription on Friday, October 23, the last day to subscribe to India's biggest ever IPO. Applications are accepted until 5 pm, with UPI mandate creation by 7 pm.
Why it matters
The subscription levels across QIB, HNI, retail, shareholder and employee portions indicate strong demand for the offering ahead of its close.