Jio Platforms IPO oversubscribed in less than two hours led by QIBs

Jio Platforms’ initial public offering (IPO) was oversubscribed in the qualified institutional buyers (QIB) category within two hours of opening on Wednesday, signalling strong demand from institutional investors. However, the issue remained undersubscribed in the non-institutional investors (NII) and retail investor categories. As of 12:50 pm, data from the Bombay Stock Exchange (BSE) showed that the QIB portion was subscribed 4.86 times, while the NII and retail portions were subscribed 0.61 t