New Delhi, Oct. 23 -- Jio Platforms Ltd's initial public offering (IPO) attracted more than 10 million applications over its three-day subscription window, the highest number for any share sale in India's history, as investors placed bids worth Rs.4.9 trillion.

The Rs.30,213-crore offering was subscribed 22.19 times by Friday, according to the BSE, with demand far exceeding the shares reserved for institutional investors. Foreign institutional investors (FIIs) submitted bids worth Rs.1.39 trillion, subscribing to their reserved portion 25 times, despite being net sellers in the secondary market. They have net sold shares worth Rs.96,612 crore in September and October so far.

The country's largest-ever IPO was fully subscribed within 100...