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Bidding in the Jio Platforms share sale ended on Friday with the issue about 17.5 times subscribed at 4:38 pm, the last figure available. Institutions bid 52 times their quota and retail investors 2.6 times. Allotment is due on Monday and listing is planned for Wednesday.
The Jio Platforms share sale closes later on Friday after being 5.4 times subscribed at the end of day 2. Institutions bid heavily; retail was at 1.55 times. Allotment is due on Monday, refunds and share credit on Tuesday, and listing is planned for Wednesday.
Prateek Rawat4 min
Jio Platforms' share sale of about Rs 30,200 crore was 5.2 times subscribed by 5 pm on Thursday, with institutions far ahead of retail investors. The issue closes on Friday, with allotment on Monday and listing planned for 28 October.
Subhash Gupta3 min
