Reliance's Jio Platforms IPO allotment on Mon, Oct 26: What happens to your money if you get none, one or many lots?
New Delhi, Oct. 25 -- Jio IPO allotment on October 26: Jio Platforms saw bumper response, with the issue subscribed more than 22 times. As the Mukesh Ambani's Reliance Industries Limited (RIL)-backed Jio IPO witnessed record bidding, let's understand different possible allotment scenarios for investors who applied for more lots. What happens if you are allotted multiple lots, just one or none?
There are a lot of chances that investors may end up receiving no lots of Jio IPO, given its oversubscription. In case of allotment of zero lots, the entire amount blocked in your account for Jio IPO will be completely unblocked and no money will be deducted.
For investors who receive allotment of a single lot, the exact amount required for one lo...
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