India, Oct. 22 -- Reliance Industries' digital services arm Jio Platforms' IPO was subscribed 3.65X on the second day of bidding, with institutional investors leading demand and the retail portion crossing full subscription.

Investors bid for 72.05 Cr shares against 19.75 Cr shares on offer as of 12:03 IST, according to BSE data.

The qualified institutional buyers' (QIBs) portion was subscribed 9.42X, receiving bids for 46.16 Cr shares against an allocation of 4.91 Cr shares. Domestic financial institutions, including banks and insurance companies, accounted for 25.92 Cr shares, followed by foreign institutional investors at 16.18 Cr shares and mutual funds at 3.19 Cr shares.

The non-institutional investors' (NIIs) portion was subscrib...