Jio Platforms IPO likely to open this month; foreign investor feedback positive: Sources

Jio Platforms IPO likely to open from October 21-23, subject to market conditions.

50% of the issue allocated to retail and HNI investors, 50% to institutional investors.

IPO aims to repay Rs 27,500 cr of borrowings, with remaining proceeds for general corporate purposes.

Foreign investor feedback has been "unusually positive", indicating a significant premium over listed peers.