Mumbai, Oct. 23 -- Jio Platforms Limited's initial public offering (IPO) has received more than 1 crore applications, setting a global record for an IPO, with bidding nearing its close on Friday, while the issue was subscribed 7.83 times, according to exchange data.

The IPO has become the first globally to cross the one-crore application mark, surpassing the previous reported record of around 97 lakh applications for Waaree Energies' public issue.

The latest data from the National Stock Exchange (NSE) showed bids for around 154.62 crore shares against 19.75 crore shares reserved for the issue, reflecting strong demand across investor categories.

Qualified institutional buyers (QIBs) led the response, with their category subscribed 16.5...