Jio Platforms' Rs 30,213-crore initial public offering — yaani roughly Rs 0.30 lakh crore, India's biggest-ever IPO — was subscribed 3.85 times overall by 12:54 pm on Thursday, October 22, the second day of bidding, according to The Hindu BusinessLine's live subscription tracker. That is up from 3.16 times at the close of Day 1.

Source: The Hindu BusinessLine

Upstox, citing cumulative National Stock Exchange (NSE) data until 12:59 pm, reported bids for 75.97 crore shares against 19.75 crore shares on offer — the same 3.85-times overall figure from a second, independent tally of the exchange data.

Source: Upstox

Qualified institutional buyers (QIBs) continued to lead demand at 9.61 times their reserved portion. Non-institutional investors (NIIs) reached 3.32 times, with bids above Rs 10 lakh at 3.62 times and bids between Rs 2 lakh and Rs 10 lakh at 2.73 times.

The clearest change of the day was in the retail individual investor (RII) category, which crossed full subscription to reach 1.18 times, after closing Day 1 at about 73 per cent of its reserved portion. The employee reservation stood at 1.77 times and the reservation for Reliance Industries shareholders at 2.65 times.

3.85xoverall subscription, Day 2 (12:54 pm)
9.61xqualified institutional buyers
1.18xretail investors — now fully covered
Rs 30,213 croreissue size — India's largest IPO

The issue is a fresh issuance of 27 crore shares with no offer-for-sale component, priced in a band of Rs 1,065 to Rs 1,119 per share, according to the offer details reported by Upstox. Bidding opened on October 21 and closes on Friday, October 23.

An intermediate snapshot from Inc42, based on BSE data at 12:03 pm, had put the issue at 3.65 times with the retail portion at 1.10 times — confirming the steady climb through Thursday's session rather than a single late surge.