Jio Platforms IPO: QIB Quota Booked Within Minutes, Issue Subscribed 58% So Far

Reliance Industries’ digital services arm Jio Platforms saw its qualified institutional buyers’ (QIBs) portion fully subscribed within minutes of opening its IPO today, with the overall issue booked 58% in early bidding. Investors placed bids for 11.48 Cr shares against 19.75 Cr shares on offer as of 09:45 IST, according to BSE subscription data. The QIB category received bids for 9.57 Cr shares against 4.90 Cr shares reserved, translating into a subscription of 1.95X.