The allotment of Jio Platforms’ Rs 30,213-crore initial public offering (IPO) is expected to be finalised on Monday, following a record-breaking response from investors.Applicants can check their allotment status through the website of the issue’s registrar, KFin Technologies, or the BSE and NSE portals once the status is made available.The IPO, which opened for subscription on October 21 and closed on October 23, was subscribed 22.19 times overall. The issue attracted around 1.3 crore applications, while total demand, including the anchor investor portion, approached Rs 7.5 lakh crore, according to reports. It’s set to be listed on the stock exchanges on Wednesday, October 28.The public issue was fully subscribed within the first 100 minutes of opening on Day 1. Demand strengthened over the three-day bidding period, with the issue subscribed more than five times by Day 2 before closing at 22.19 times on the final day.Qualified institutional buyers (QIBs) led the demand, subscribing to their reserved portion 70.55 times. The non-institutional investor (NII) category was subscribed 14 times, while the retail investor portion was subscribed 2.72 times. The portions reserved for employees and Reliance Industries shareholders were subscribed around 2.93 times and 7.6 times, respectively.The IPO was priced in a band of Rs 1,065 to Rs 1,119 per share, with a lot size of 12 shares. Retail investors applying at the upper end of the price band needed to invest Rs 13,428 for one lot. Meanwhile grey market premium (GMP) indiciated 22% listing gains but it’ll only be clear once it makes it’s market debut.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
