Didn’t get Jio IPO allotment? Experts discuss at what level can you consider entering?

Jio Platforms shares will be listed today, Oct 28. If you haven't been lucky enough to get allotment of Jio shares, at what level could you enter? Was the shares overpriced? Is it safe to buy above the issue price? Investment strategists express their opinion.

Kolkata: The Jio IPO was subscribed more than 22 times. Therefore, if you were allotted shares, you are lucky. The allotment was finalised on October 26. The question at this hour is, if you were not lucky enough, at what price can you buy Jio shares. Many investors who were not allotted shares are asking, what will they do now? However, picking up Jio Platforms shares from the secondary market after listing requires a fresh assessment of the price.

The issue received an overall subscription of 22.19 times with QIBs........

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