Ambani's Jio becomes most subscribed Indian IPO with $77 billion in bids

The offering surpasses the 2008 Reliance Power IPO, attracting more than 13.8 million applications and drawing strong demand from institutional and retail investors.

Bids for billionaire Mukesh Ambani's first IPO in 20 years topped $77 billion on Friday, making Jio Platforms (JIOP.NS), opens new tab India's most subscribed stock offering ‌as it surpassed the 2008 issue of Reliance Power, part of his brother Anil's group.