Jio Platforms IPO Draws 22.19x Subscription; Allotment Set for Monday

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Jio Platforms' initial public offering attracted strong investor interest, with the issue being subscribed 22.19 times overall. The IPO was open from October 21 to October 23, and about 1.3 crore applicants took part. Total demand reached roughly Rs 7.5 lakh crore. Institutional investors were the most enthusiastic, subscribing 70.55 times, while retail investors subscribed 2.72 times. Allotment results are scheduled to be finalised on Monday.

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