Jio Platforms Ltd's Rs 30,213-crore initial public offering attracted bids worth nearly Rs 4 lakh crore, with strong institutional demand driving subscription to nearly 6 times the shares on offer, alongside solid anchor demand. On the third day of Jio Platforms Ltd's initial public offering (IPO) subscribed, issue got subscribed 5.72 times, with investors bidding for over 112 crore shares against 19.75 crore shares on offer, according to NSE data, till 9:20 a.m.

Qualified institutional buyers (QIBs) led the demand, with their portion subscribed 13.29 times. They bid for 65.14 crore shares against 4.9 crore shares reserved for the category. Non-institutional investors (NIIs) subscribed their portion 6.44 times, bidding for 23.48 crore shares against 3.64 crore shares on offer. The retail individual investor portion was subscribed 1.61 times, with bids for 13.71 crore shares against 8.5 crore shares reserved. Total retail demand crossed Rs 14,650 crore.