Jio Platforms IPO: Qualified Institutional Buyers portion fully subscribed at over 2x demand

The Jio Platforms’ IPO saw the portion marked for Qualified Institutional Buyers (QIBs) fully subscribed at over 2x demand, within a few minutes of the issue opening on Wednesday, according to sources.

The QIB portion’s demand was 2.86 times at 10 AM, sources said.