IPO Close 21 Oct: Jio Day 1 at 3.22x, HD Fire Protect Ends +12% on Debut
Wednesday's primary market belonged to Jio Platforms: India's largest-ever IPO closed its first day of bidding at 3.22 times, powered almost entirely by institutions. Meanwhile, HD Fire Protect made a strong debut at ₹335 (+23.6%) but pared gains to close around ₹302 — still up roughly 12% over its issue price. Paras Healthcare, the day's other opener, limped to about 0.15x on Day 1 with zero QIB participation. Here is the complete evening wrap of Day-1 subscription figures, listing-day close numbers, and what to watch tomorrow.
Jio Platforms IPO: Day 1 Closes at 3.22x
Jio's ₹30,213 crore issue accelerated through the session. After crossing 1.27x within the first 100 minutes and reaching 2.5x by 3:15 PM, the issue closed Day 1 at 3.22x, according to end-of-day exchange tracker data. The demand was institution-led:
| Category | Day 1 final | Midday (for reference) |
|---|---|---|
| QIB (ex-anchor) | 9.02x | 3.86–4.86x |
| bHNI (NII, >₹10 lakh) | 1.74x | 0.34x |
| sHNI (NII, <₹10 lakh) | 1.31x | 0.54x |
| Retail | 0.69x | 0.27–0.48x |
| RIL shareholder quota | 1.16x* | — |
| Total | 3.22x | 1.27–1.66x |
*RIL shareholder portion reported 1.16x as of the 3:15 PM BSE snapshot; the employee portion was fully booked.
The progression tells the story: QIBs more than doubled their bids between noon and close, while retail crept up slowly to just under 70% subscription. The ₹8,109.85 crore anchor book — allotted to 212 investors at ₹1,119 on Oct 19 — had already signalled the institutional appetite, with demand reported at roughly ₹2.5 lakh crore (30x+).
Key facts: price band ₹1,065–1,119, 12-share lot (₹13,428 minimum), issue closes Oct 23, allotment expected Oct 26, listing on BSE and NSE on Oct 28. The grey market premium (GMP) hovered around ₹245–280 during the day (unofficial, tracker-reported). For the full issue details, see our Jio IPO price band and dates preview and the step-by-step how-to-apply guide.
HD Fire Protect: Strong Open at ₹335, Closes at ~₹302
The ₹712 crore pure-OFS issue listed at ₹335 on the NSE (+23.62% over the ₹271 issue price) and ₹334.40 on the BSE (+23.39%) — almost exactly in line with the pre-listing GMP of ₹70–72. It touched a day-high of ₹338 before profit-booking pulled it down:
| Exchange | Listing price | Day high | Day low | Closing price | Gain vs ₹271 |
|---|---|---|---|---|---|
| NSE | ₹335 | ₹338 | ₹301 | ~₹302–305 | +11–12.6% |
| BSE | ₹334.40 | ₹338 | ₹301 | ₹302.30 | +11.55% |
Market capitalisation at close stood at roughly ₹5,280 crore. Retail allottees who held through the session still banked about ₹1,700 per 55-share lot (vs ₹3,520 at the open). The IPO had been subscribed 131.70x overall (QIB 256.65x, NII 203.21x, retail 30.49x). Read our HD Fire Protect listing-day preview for the pre-open setup.
Paras Healthcare: Weak 0.15x Start, QIBs Stay Out
The ₹1,450 crore hospital IPO had a lukewarm opening. End-of-day tracker snapshots put total subscription at 0.09–0.15x:
| Category | Day 1 (tracker range) |
|---|---|
| QIB | 0.00x |
| NII (HNI) | 0.06–0.08x |
| Retail | 0.44–0.73x |
| Total | 0.09–0.15x |
Retail investors were the only active category. The ₹652.50 crore anchor book (allotted Oct 19 to 94.15 lakh shares) is excluded from these multiples. The GMP stood at ₹39–42 (unofficial), implying a listing around ₹732 — a modest ~₹820 gain on the 21-share lot (₹14,553 minimum at ₹693). Note that SBI Cap Securities has a Neutral rating on the issue, citing dependence on government schemes and regulatory pricing risks — worth reading before applying. Full details: Paras Healthcare IPO review.
Also Today: Tonbo Allotment Done, Vaibhav Vyapaar Lists
- Tonbo Imaging finalised its basis of allotment today after 135.90x subscription; it lists Oct 23 along with Zetwerk, Bonfiglioli Transmissions, Sahajanand Medical, and Shellz India — a five-way listing day on Friday.
- Vaibhav Vyapaar (NSE SME) listed today after a 3.23x subscription.
Key Dates Table — 22–28 Oct
| Date | Event |
|---|---|
| Oct 22 | Fusion CX & Ravita Engineering list |
| Oct 23 | Jio & Paras Healthcare close; 5 IPOs list (Tonbo, Zetwerk, Bonfiglioli, Sahajanand, Shellz); EAAA anchor book |
| Oct 26 | EAAA India Alternatives opens (₹1,585–1,665) |
| Oct 27–29 | BLS Polymers IPO opens |
| Oct 28 | Jio Platforms & Paras Healthcare list |
FAQs
What was Jio IPO's Day 1 subscription?
Jio Platforms closed Day 1 (Oct 21) at 3.22x overall — QIB 9.02x, bHNI 1.74x, sHNI 1.31x, retail 0.69x — per end-of-day exchange tracker data. The issue closes Oct 23.
At what price did HD Fire Protect close on listing day?
HD Fire Protect listed at ₹335 (NSE) and ₹334.40 (BSE), a ~24% premium over the ₹271 issue price, but pared gains to close around ₹302–305 — up about 11–12.6% on its debut.
How much did Paras Healthcare IPO get subscribed on Day 1?
Paras Healthcare crawled to roughly 0.09–0.15x on Day 1 (Oct 21), with retail at 0.44–0.73x and zero QIB participation.
When do Jio and Paras Healthcare IPOs close?
Both close on Oct 23. Allotment is expected around Oct 26, with both listing on Oct 28.
Which IPOs list on Oct 23?
Five IPOs list on Oct 23: Tonbo Imaging, Zetwerk, Bonfiglioli Transmissions, Sahajanand Medical, and Shellz India.
Conclusion
Day 1 belonged to the institutions: Jio's 9x QIB demand single-handedly carried the issue past 3x, while retail stayed cautious at 0.69x — and absent entirely at Paras Healthcare. HD Fire Protect's debut was a textbook GMP-match open (+24%) followed by a typical first-day fade to +12%. With Jio and Paras closing Oct 23 and five IPOs listing that day, the momentum — and the real test of retail interest — now shifts to the final bidding days.
Note: Grey market premiums are unofficial, market-reported figures and can change quickly. Subscription multiples are per exchange/tracker snapshots and may be revised.