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Jio Platforms IPO Fully Subscribed Within First Two Hours

Jio Platforms’ IPO was fully subscribed on the first day of bidding, with bids exceeding the 197.5 million shares on offer within the first two hours.

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New Delhi, Oct. 21 -- Jio Platforms Ltd.'s initial public offering was fully subscribed on the first day of bidding, keeping billionaire Mukesh Ambani's digital venture on course for what is set to be India's largest-ever listing. Bids surpassed the 197.5 million shares offered within the first two hours.