MUMBAI, Oct. 23 -- India's biggest IPO has set a new record. For the first time in the history of the Indian stock market, an IPO has received more than 10 million applications. Jio Platforms' ?30,213 crore public issue crossed the milestone on Friday, the third and final day of bidding. As of 12 noon on Friday, the IPO had received 10,015,118 applications and was subscribed 6.89 times. The Qualified Institutional Buyers (QIB) portion was subscribed 14.38 times.
The previous record was held by Waaree Energies, which received 9.73 million applications for its IPO in October 2024. Jio has now surpassed that mark. The Jio IPO attracted around 3.05 million applications on Day 1, with the number crossing 7.5 million by the end of Day 2. On Frid...