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Investors can now check their IPO allotment status online via the KFin Tech Registrar Portal following a high subscription rate of over 22 times. The significant grey market premium suggests the stock may list at a substantial gain over its upper price band.
Jio Platforms’ IPO allotment was set to be finalised on October 26 after the issue was subscribed 22.19 times. Its grey market premium was ₹250 per share, suggesting a possible listing price of ₹1,369, or a 22.34% gain over the upper price band.