Jio IPO Allotment Chances: Retail Applicants Have About 70% Odds

The post Jio IPO Allotment Chances: Retail Applicants Have About 70% Odds appeared first on Coinpedia Fintech News

Retail investors in the Jio Platforms IPO have a much better chance of getting shares than the 22.19 times headline subscription suggests. Most of that demand came from institutions, whose 70.55 times bidding has no effect on the retail pool. Retail allotment depends on the number of applicants, not the number of shares bid for. …