IPO today (22 Oct): Jio 5.51x after day 2, Fusion CX lists at 5.5% premium, four listings Friday

Open now. Jio Platforms' IPO was 5.51 times subscribed by 6:57 pm on its second day, according to IPOji's tracker: institutions (QIBs) 13.14 times, wealthy individuals (NIIs) 5.91 times, retail investors 1.53 times, employees 2.09 times and Reliance shareholders 4.01 times. Paras Healthcare was 0.21 times subscribed at 11:30 am, ScanX reported; we could not confirm its end-of-day figure. Both close on Friday 23 October.

Listed today. Fusion CX opened at ₹305 on NSE, 5.54% above its ₹289 issue price, and ₹292 on BSE, after a 3.03-times-subscribed issue. A modest listing after decent demand is a reminder that subscription numbers don't promise big gains.

Coming Friday. Zetwerk (₹143–151), Tonbo Imaging (₹665–700), Bonfiglioli Transmissions (₹558–586) and Sahajanand Medical Technologies (₹327–344) are expected to list on NSE and BSE on 23 October. We will report their opening prices against these bands.

Today's concept: the shareholder quota. Some IPOs set aside shares only for people who already own the parent company's stock. In Jio's case, Reliance Industries shareholders can apply in this quota as well as the retail one, which can raise their chance of getting an allotment. The 4.01x figure is demand for that separate bucket.

Key takeaway: Jio's demand keeps rising, with institutions bidding over 13 times their quota, but allotment is decided by lottery on 26 October, so most retail applicants should expect to miss out.