Retail investors fully subscribe Jio IPO on second day

Jio Platforms Ltd.'s $3.2 billion IPO, India's largest and Reliance Industries' first in nearly 20 years, continued to see strong demand on its second day with overall orders at 3.64 times shares on offer. The retail portion was fully subscribed within the first two hours, while qualified institutional buyers bid 9.42 times their quota. The IPO values Jio Platforms at up to $108.3 billion, with listing scheduled for 28 October.