Jio Platforms listing: How Reliance Industries and other group stocks are faring ahead of mega IPO debut on October 28

The buzz around the Jio Platforms IPO and its upcoming listing has emerged as a major talking point on Dalal Street. The much-awaited mega IPO has broken several records, with market participants eagerly awaiting its debut on the NSE and BSE on Wednesday, October 28.

• Jio Platforms' IPO closed with bids for 22.19 times the shares on offer, as total demand across the public issue and anchor investor placement crossed ₹7.4 lakh crore and applications approached a world-beating 1.39 crore in an unprecedented response to the Reliance Industries-backed digital services company.

• The public offering alone attracted bids worth more than ₹4.9 lakh crore, excluding the anchor book, and retail demand exceeded ₹25,867 crore, according to stock exchange data.

The combined demand represents the value of shares investors sought, rather than the amount the company will raise.

• Jio Platforms' mega IPO became the first public offer in the world to cross one crore applications.

• Institutional demand was the strongest component of the offering. Qualified institutional buyers bid for 345.8 crore shares against 4.9 crore reserved, taking their category to 70.55 times subscription.

• Non-institutional investors subscribed 14 times their allocation, and retail individual investors bid for 2.72 times the shares reserved for them.

• Within the qualified institutional buyer category, domestic financial institutions, including banks, financial institutions, and insurers, bid for 152.5 crore shares, and foreign institutional investors bid for 123.9 crore shares. Mutual funds bid for 35,7 crore shares.

• The shareholder reservation category was subscribed 7.60 times and the employee portion 2.93 times, the exchange data showed.

• Jio Platforms' IPO comprised an entirely fresh issue of 27 crore shares. At the upper end of its price band, the company will raise about ₹30,213 crore and command a valuation of roughly $108 billion.

• Neither parent Reliance Industries nor its other existing shareholders sold shares in the offering. It was an out-and-out fresh issue.

• Ahead of the public issue, Jio Platforms raised about ₹8,110 crore from 212 anchor investors on October 19, allotting shares at ₹1,119 apiece, the upper end of the price band.

Among other listed companies linked to the group, Reliance Industrial Infrastructure was up 1.48% at ₹669.55, while Hathway Cable & Datacom gained 0.78% to ₹9.06. DEN Networks rose 1.38% to ₹24.96, and Network18 Media & Investments advanced 4.70% to ₹24.28.

Just Dial was trading flat at ₹699.10, while GTPL Hathway gained 1.84% to ₹54.37 on the NSE.