From mint · Dhanya Nagasundaram · · 1m 50s
Reliance Jio Platforms vs Paras Healthcare IPO Subscription Race
Reliance Jio Platforms IPO subscribed 22.19 times versus Paras Healthcare's 2.23 times.
In brief
Reliance Jio Platforms IPO subscribed 22.19 times versus Paras Healthcare's 2.23 times. Reliance Jio Platforms IPO attracted bids worth ₹7.4 lakh crore with 22.19 times subscription, while Paras Healthcare's IPO received 2.23 times subscription. Originally reported by mint.
IPO Subscription Comparison
Reliance Jio Platforms drew bids worth more than ₹7.4 lakh crore and was subscribed 22.19 times, compared with 2.23 times for Paras Healthcare.
Grey Market Premium Difference
Jio Platforms' IPO grey market premium stood at ₹250, indicating a potential listing gain of 22.34%, while Paras Healthcare's GMP was ₹12, suggesting a 1.73% gain.
QIB Subscription Details
Qualified institutional buyers (QIBs) subscribed Jio Platforms' IPO 70.55 times, with domestic financial institutions bidding for 152.5 crore shares and foreign institutional investors for 123.9 crore shares.
Retail and NII Demand
Retail investors subscribed Jio Platforms' IPO 2.72 times, while the non-institutional investor (NII) category was subscribed 14 times.
Paras Healthcare Subscription
Paras Healthcare's IPO closed with an overall subscription of 2.23 times, with retail investors subscribing 2 times their reserved portion.
IPO Allotment Timeline
The public issues opened on 21 October and conclude on 23 October, with allotment scheduled for tomorrow (26 October).
Jio Platforms IPO Size
Jio Platforms' IPO is a completely new issue of 27 crore shares, with an upper end valuation of ₹30,213 crore and $108 billion.
Paras Healthcare IPO Size
Paras Healthcare raised ₹652.5 crore from anchor investors, with the issue size reduced from the original ₹1,800 crore.
Jio Platforms GMP Trend
Jio Platforms' IPO grey market premium ranged between ₹148 and ₹273 over the past 22 sessions, indicating strong listing expectations.
Paras Healthcare GMP Trend
Paras Healthcare's IPO grey market premium fluctuated between ₹11 and ₹96 over the past 12 sessions, suggesting more modest listing expectations.
What to remember
Reliance Jio Platforms IPO attracted bids worth ₹7.4 lakh crore with 22.19 times subscription, while Paras Healthcare's IPO received 2.23 times subscription.
