Jio Platforms' initial public offering became the first public offer globally to cross one crore applications, surpassing Waaree Energies' record.
The IPO was subscribed nearly seven times by 12:03 pm on Friday, with institutional demand leading the bids.
The company plans to use up to ₹27,500 crore of the proceeds to repay borrowings at Reliance Jio Infocomm, its wholly-owned subsidiary.