Jio Platforms IPO sees strong demand on Day 2

Jio Platforms' initial public offering witnessed robust interest on the second day of subscription, led heavily by qualified institutional buyers.

The grey market premium hinted at a 21.36% listing gain, with the shares estimated to list around ₹1,358 against an upper price band of ₹1,119.

The QIB segment was subscribed 9.61 times and the non-institutional investor category reached 3.03 times by Thursday afternoon, with the bidding window closing on October 23.