India, Oct. 22 -- The Jio Platforms IPO continued to draw investor interest on Thursday, October 22, with institutional buyers accounting for the strongest demand. By 11:25 am, the issue had received bids for 70.38 crore shares against 19.75 crore shares available, taking overall subscription to 3.56 times.

Bidding opened on October 21 and is scheduled to close on Friday, October 23. The offering is seeking to raise Rs.30,213 crore, making it India's largest-ever IPO, according to the provided issue details.

Jio Platforms IPO Day 2 Subscription Status

The qualified institutional buyers (QIB) category recorded the highest subscription, while the retail segment also crossed its reserved allocation.

Investor category

Subscription

Quali...