Economy
Reliance Jio Platforms Concludes ₹30,213-Crore IPO Subscription
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THE BRIEF
1
Reliance Jio Platforms concluded its ₹30,213-crore initial public offering after being subscribed 22.19 times overall, with share allotment scheduled for October 26, 2026.
2
The qualified institutional buyers portion saw the strongest demand at 70.55 times subscription, while the non-institutional and retail segments received 14 times and 2.72 times bids respectively.
3
The company's shares are scheduled to list on the BSE and NSE stock exchanges on October 28 at 10 am, with proceeds primarily allocated to repay borrowings.