Jio Platforms' Rs 30,213 crore IPO was subscribed 3.16 times on its first day, October 21, with bids topping Rs 69,800 crore.

The issue was fully subscribed within 100 minutes, a record pace for an Indian share sale.

Qualified institutional buyers filled their portion in 10 minutes and ended the day at 9.42 times.

Retail investors lagged at 0.73 times, while non-institutional investors reached 1.68 times.

The price band is Rs 1,065 to Rs 1,119, with a lot of 12 shares. At the top end, Jio Platforms is valued at about Rs 10.3 lakh crore.

It is entirely a fresh issue. Most of the money will go to repay borrowings of the telecom arm, Reliance Jio Infocomm.

On October 19, Jio allotted about Rs 8,110 crore of shares to 212 anchor investors at Rs 1,119 each.

Bidding closes on October 23. Allotment is expected on October 26, and listing on the BSE and NSE is tentatively set for October 28.

Read the full article for more on the Jio IPO subscription.