Jio IPO: Check latest buzz after US, UK, Dubai roadshows by Akash, Isha Ambani | Reliance-backed India's biggest issue
Reliance Industries reported results in an ipo & listings development.
· LiveMint Markets
Reportedly, the IPO financial figures are being passed around. The issue size is expected to be around Rs. 37,000–37,800 crore. And, it could be a pure fresh issue of up to 27 crore shares.
The analysis
Reliance Industries reported Rs. 37,000. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.5% on the day at ₹1,177.40, and has returned -7.9% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -0.3% over the same period, so Reliance Industries is running 7.6 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
In this story
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