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●Flydubai co-pilot stabs captain in mid-air attack; plane lands in Tabuk●India rout Sri Lanka by 124 runs, set up Pakistan gold-medal final●Sensex closes at 71,909.70, down 570.59; Nifty falls 198.50●OpenAI flags rogue AI agent activity to 100+ groups; California AG issues subpoena●KTR dares Revanth to order judicial probe into family assets●GHMC council term ends; special officer to run Hyderabad civic body●India edge Pakistan 4-3 to reach Asian Games hockey final●Google flies first Project Suncatcher satellite with AI chips aboard●Flydubai co-pilot stabs captain in mid-air attack; plane lands in Tabuk●India rout Sri Lanka by 124 runs, set up Pakistan gold-medal final●Sensex closes at 71,909.70, down 570.59; Nifty falls 198.50●OpenAI flags rogue AI agent activity to 100+ groups; California AG issues subpoena●KTR dares Revanth to order judicial probe into family assets●GHMC council term ends; special officer to run Hyderabad civic body●India edge Pakistan 4-3 to reach Asian Games hockey final●Google flies first Project Suncatcher satellite with AI chips aboard
IPO

Jio Platforms IPO closes at 22.19x subscription; allotment likely Oct 26, listing Oct 28

Deccan Age · Business · 2 min read
Jio's telecom headquarters
Photo: Wikimedia Commons contributors (CC BY / CC BY-SA) — full credits

Jio Platforms' Rs 30,213-crore IPO closed at 22.19x subscription on Friday; QIBs bid 70.55x. Allotment likely Oct 26, listing Oct 28.

Jio Platforms' Rs 30,213-crore IPO closed on Friday with 22.19 times overall subscription, with investors bidding for 438.26 crore shares against 19.75 crore shares on offer.

Qualified institutional buyers led the demand, subscribing their portion 70.55 times, while the non-institutional investor and retail portions were booked 14 times and 2.72 times respectively. The employee and shareholder portions were subscribed 2.93 times and 7.60 times.

The issue, a fresh issuance of 27 crore shares in the Rs 1,065-1,119 band, will use Rs 27,500 crore of the proceeds to repay borrowings of Reliance Jio Infocomm. Allotment is likely on October 26, with listing expected on October 28.

Originally reported by Inc42. Article compiled by the Deccan Age desk.
#Business#IPO

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