From Coinpedia · By Anjali Belgaumkar
Jio Platforms is set to finalise share allotment for its IPO on Monday, October 26, with the stock expected to debut on NSE and BSE on Wednesday, October 28. The issue closed on October 23 with 22.19 times subscription, drawing bids for about 438.26 crore shares against 19.75 crore on offer. Qualified Institutional Buyers booked their portion 70.55 times, Non-Institutional Investors 14 times and retail investors 2.72 times. Successful applicants will have shares credited to their demat accounts on October 27, the same day refunds go out to others. Investors can check their status on the websites of registrar KFin Technologies, NSE or BSE using their PAN or IPO application number. Jio Platforms plans to use ₹27,500 crore of the proceeds to pay down debt at Reliance Jio Infocomm.
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