Jio Platforms IPO fully subscribed in 100 minutes of opening

Jio Platforms Ltd’s initial public offering was fully subscribed within 100 minutes of opening on Wednesday, signalling strong investor demand for the ₹30,213-crore issue, which is set to become India’s largest-ever public offering.

The IPO of the digital services arm of Reliance Industries Ltd (RIL), led by billionaire Mukesh Ambani, opened for subscription on October 21 and will close on October 23. The issue has attracted considerable attention from investors ahead of the company’s stock market debut.