Reliance Jio IPO Closes for Subscription with Strong Institutional Backing

The ₹30,213 crore Jio Platforms IPO closed for subscription on Friday after being oversubscribed 5.57 times overall by the end of the second day.

The segment reserved for qualified institutional buyers was booked 13.29 times, while grey market sources indicated a listing premium of over 20%.

Experts recommended applying for the long-term, highlighting Jio's scale of 533 million customers and FY26 revenue of ₹1.47 lakh crore.