Jio Platforms IPO allotment on October 26 after bumper subscription exceeding 22 times

The Mukesh Ambani-backed Jio Platforms initial public offering saw a robust response, with the issue being subscribed more than 22 times.

For investors receiving zero lots, the entire blocked amount will be completely unblocked with no money deducted from their bank accounts.

The IPO is fixed at an issue price band of ₹1,065 to ₹1,119 per share, with one lot consisting of 12 shares requiring a minimum investment of ₹13,428.