Mumbai, Oct. 21 -- Jio Platforms Limited's initial public offering (IPO) was fully subscribed in 100 minutes of bidding on Wednesday, the opening day of the issue, driven by strong demand from qualified institutional buyers (QIBs), according to exchange data.

The IPO was subscribed 1.27 times at the time of filing this report, with bids received for around 25 crore shares against approximately 19.75 crore shares on offer. The total number of applications stood at 13.56 lakh, according to data from the National Stock Exchange (NSE).

The QIB category, excluding anchor investors, was subscribed 3.86 times, receiving bids for around 18.91 crore shares against 4.90 crore shares reserved for the segment.

The non-institutional investor (NII) ...