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Jio Platforms' IPO was subscribed 22.19 times overall, with qualified institutions at 70.55 times, non-institutional investors at 14 times and retail at 2.72 times. The basis of allotment is due today, refunds and share credit on 27 October, and listing on 28 October.
Foreign portfolio investors have withdrawn Rs 48,056 crore from Indian equities in October so far, after Rs 35,861 crore in September. Elevated crude oil prices, Middle East tensions, inflation worries and weak earnings are cited, along with the Jio IPO soaking up liquidity.
Amita Sahani4 min
Jio Platforms' Rs 30,213 crore IPO, subscribed about 22 times, will see its basis of allotment on 26 October, refunds on 27 October and listing on BSE and NSE on 28 October. The unofficial grey market premium was around Rs 243 to 246 a share on Saturday.
Prateek Rawat4 min
