Jio Platforms’ initial public offering made waves with an unprecedented subscription rate, with allotment results to be finalized on Monday. The IPO opened from October 21 to October 23, garnering an impressive 22.19 times overall subscription. Approximately 1.3 crore applicants participated, leading to a staggering demand of Rs 7.5 lakh crore. Institutional investors were particularly active, subscribing at an astounding 70.55 times, while retail investors subscribed 2.72 times.