Jio Platforms IPO allotment due after 22-times subscription

Investors are awaiting share allotment for the Jio Platforms IPO, which was open from October 21 to 23 and drew bids for 22.19 times the shares on offer. Qualified institutional buyers bid 70.55 times their quota, while retail demand was 2.72 times. The price band was ₹1,065-1,119, and listing on NSE and BSE is likely on October 28.