The Jio IPO has seen significant demand by the second day of subscription. As of 22 October 11:10, the issue was subscribed 3.50 times, with investors bidding for 69.08 crore shares against the 19.75 crore shares available. The retail portion is fully subscribed, while Qualified Institutional Buyers (QIBs) are leading the demand with a 9.4x to 9.5x subscription rate. Total demand for the IPO has reached approximately Rs 3.58 lakh crore, consisting of over Rs 1 lakh crore in non-institutional bids and Rs 2.5 lakh crore in institutional demand, bringing the overall subscription closer to 5x.