Jio Platforms IPO Allotment Scheduled, Listing Set for October 28

Jio Platforms’ initial public offering was scheduled to have its share allotment finalised on October 26, with refunds and share credits set for October 27 and a stock-market debut planned for October 28. The timetable remains subject to official confirmation, and the scheduled steps are not confirmation that they have been completed. The issue was subscribed 22.19 times during its three-day subscription period, according to reported exchange data. The public offer received bids for about 438.3 crore shares against 19.75 crore shares on offer. Separately, reported bids across the public issue and anchor investor placement exceeded Rs 7.4 lakh crore. These figures describe different scopes: the public-offer share count excludes the anchor placement. Jio Platforms’ reported issue size was approximately Rs 30,213 crore, with a price band of Rs 1,065 to Rs 1,119 per share. The company is part of Reliance Industries. Applications closed on October 23, after opening on October 21. Applicants were expected to be able to check their allocation through KFin Technologies, the issue registrar, or the NSE and BSE websites once the allotment information was available. The registrar and...