Jio IPO ends with over 22X oversubscription; QIB portion booked 64 times. Check GMP, other details

Jio Platforms’ Rs 30,213 crore IPO closed with 22.18 times subscription, attracting bids for 428 crore shares. Qualified institutional buyers led demand, subscribing their portion 70 times, while retail investors booked 2.72 times. The IPO’s grey market premium stood at around 21%, ahead of its scheduled October 28 listing.