Startups & IPOs
Jio IPO day 2: 3.7x subscribed, retail portion fully booked; Paras Healthcare at 0.21x
Institutions bid 9.6 times their quota by midday; one day left for both IPOs.
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Jio Platforms' IPO was subscribed 3.7 times by 12:10 pm on its second day, Business Standard reported: institutions (QIBs) 9.6 times, HNIs 2.87 times and retail investors 1.11 times. The retail portion crossing 1 means every share set aside for small investors has now been applied for.
Paras Healthcare's IPO was 0.21 times subscribed at 11:30 am, according to ScanX: retail 1.00 times, HNIs 0.20 times and institutions yet to bid. Institutions often bid on the last day, so the total can change sharply on Friday.
Worked example: with retail at 1.11 times, there are about 111 applications' worth of shares for every 100 available, so not every applicant will get a lot. Allotment is decided by lottery on 26 October.
Key takeaway: Jio's demand is broad across categories; Paras depends on institutions arriving on the final day.
| Market | Level | Change |
|---|---|---|
| Jio · total12:10 pm (Business Standard) | 3.7x | |
| Jio · QIB | 9.6x | |
| Jio · NII | 2.87x | |
| Jio · retailFully booked | 1.11x | |
| Paras · total11:30 am (ScanX) | 0.21x | |
| Paras · retailQIB not yet bid | 1.00x |
Jio's strong demand shows deep investor appetite for large Indian listings, while weak early interest in Paras shows that demand is selective.
Written with AI assistance by TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
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