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What happens to investors' money if Jio allots zero or more lots?

short by Jessica Rajan / on Sunday, 25 October, 2026
Jio Platforms' IPO was subscribed over 22 times, making allotment uncertain for investors. If no lot is allotted, the blocked amount will be released, while one lot means ₹13,428 will be debited. Each lot comprises 12 shares, priced at ₹1,119 each. Multiple lots are unlikely given the heavy subscription, though retail investors can apply for up to 14 lots.
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