Goa, Oct. 23 -- Jio Platforms Ltd's initial public offering (IPO) has received an overwhelming response from investors, with the issue subscribed more than 20 times by the close of bidding on October 23. The offering attracted bids worth approximately Rs 4.5 lakh crore from public subscription categories, making it one of the most sought-after public issues in India's capital market.

The Rs 30,213-crore IPO was subscribed 20.55 times overall, according to the final subscription figures reported on Friday. The offering received bids for significantly more shares than the 27 crore equity shares issued, reflecting strong participation from institutional and non-institutional investors.

The demand was led by qualified institutional buyers (...