Jio Platforms IPO subscribed 20.38 times

Mumbai, Oct 23 (UNI) The Rs 30,213-crore Jio Platforms IPO attracted a record 1.34 crore applications, becoming the first IPO to cross the one-crore mark, while drawing combined bids worth an estimated Rs 7 lakh crore, including anchor investor demand, according to BSE data on Friday. The public issue was subscribed 20.38 times by the close of bidding on Friday, with investors bidding for 402.63 crore shares against 19.75 crore shares on offer, according to the final BSE data. At the upper end of the price band of Rs 1,119 per share, bids received during the public subscription period were…