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1.39 crore applications, 0.65% in fees: Jio's ₹30,213-crore IPO does everything except pay its bankers
Allotment in Jio Platforms' ₹30,213-crore IPO was finalised on Monday after the issue drew bids for 22.19 times the shares on offer and a record 1.39 crore applications. The shares list on Wednesday at a grey market premium of about 22%. The 19 banks on the deal will split roughly ₹196 crore, or 0.65% of the issue.
Jio Platforms' ₹30,213-crore IPO opens; India's biggest share sale
Jio Platforms' ₹30,213-crore IPO, India's largest share sale, opened for subscription and closes on October 23. The price band is ₹1,065-1,119 and the issue is a fresh sale of up to 27 crore shares. The ₹8,110-crore anchor book was subscribed over 30 times. Listing is expected on October 28.