India, Oct. 21 -- Reliance Industries' digital services arm Jio Platforms saw its qualified institutional buyers' (QIBs) portion fully subscribed within minutes of opening its IPO today, with the overall issue booked 58% in early bidding.

Investors placed bids for 11.48 Cr shares against 19.75 Cr shares on offer as of 09:45 IST, according to BSE subscription data.

The QIB category received bids for 9.57 Cr shares against 4.90 Cr shares reserved, translating into a subscription of 1.95X. Domestic financial institutions, banks, and insurance companies accounted for the bulk of institutional demand, bidding for 8.04 Cr shares, while foreign institutional investors bid for 1.28 Cr shares.

Non-institutional investors (NIIs) bid for 45.43 La...