New Delhi, Oct. 21 -- Reliance Jio IPO | Reliance shares: Reliance Industries Ltd (RIL) shares rallied more than 2.5% on Wednesday as investors turned their attention to the highly anticipated initial public offering (IPO) of Jio Platforms, the digital and telecom business backed by billionaire Mukesh Ambani.

The public issue opened for subscription on October 21 and will close on October 23. Investors will find out their allotment status after the process is expected to be finalised on October 26, while the shares are scheduled to debut on the BSE and NSE on October 28.

With a potential fundraising of more than Rs.30,000 crore, the offering is set to become India's largest IPO by issue size, surpassing Hyundai Motor India's Rs.27,800-c...