Jio Platforms IPO draws record 10 million applications amid strong investor demand

Jio Platforms' ₹30,213-crore IPO attracted more than 10 million applications and bids worth ₹4.9 trillion, recording 22.19 times subscription and the highest application count for any Indian share sale. FIIs submitted bids worth ₹1.39 trillion for their reserved portion, 25 times the allocation, while the issue was priced at ₹1,065 to ₹1,119 per share.