Positive impactIPO
Jio Platforms IPO Day 3 Live Updates: Bids set to increase further from ₹3.7 lakh crore on final day
CNBC-TV18 1 hr ago·23 Oct 2026, 1:45 am
Jio Platforms' initial public offering (IPO) is entering its final day of subscription, with market expectations pointing to a significant increase in bids. The company has already received overwhelming demand, with total bids reported to exceed ₹3.7 lakh crore. This includes strong interest from qualified institutional buyers (QIBs), who have subscribed to the issue over 13 times, and robust participation from retail investors, who have collectively bid for more than ₹1.2 lakh crore.
This massive response highlights the immense confidence investors have in Reliance Jio's business model and its position in the telecom and digital services sectors. For the broader market, the successful completion of this mega-issue is a positive signal, potentially boosting sentiment and liquidity. It also serves as a benchmark for other large-cap listings in the future.
Investors should watch the final subscription figures and the eventual listing price to gauge the market's appetite for the stock. The IPO is set to close today, and the price band has already been fixed, so the final outcome will be determined by the closing bids.
Excerpt from CNBC-TV18
Jio Platforms IPO Day 3 Live Updates: The IPO has already drawn demand of over ₹3.7 lakh crore, including more than ₹1.2 lakh crore from public investors across the first two days of bidding. By the end of Day 2, the overall subscription stood at 5.5 times, with QIBs subscribing 13 times. Jio Platforms IPO Day 3 Live…Read the original at CNBC-TV18
Key takeaways
- Category: IPO.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
