Jio IPO's retail portion fully subscribed on Day 2

Jio Platforms' retail category was fully subscribed on the second day of bidding for billionaire Mukesh Ambani's $3.2 billion IPO, while the overall issue was subscribed 3.64 times. The IPO values the company at up to $108.3 billion, with trading scheduled to begin October 28. Notably, qualified institutional buyers (QIBs) led demand, subscribing to 9.42 times their reserved quota.