Exclusive | Akash, Isha Ambani take Rs 30,000 crore Jio IPO pitch global; marquee investors seek bigger stake
Reliance Industries moved higher in an ipo & listings development.
· Economic Times Markets
Jio Platforms’ proposed Rs 30,000 crore IPO is set to be one of India’s biggest public issues, with Akash and Isha Ambani leading global investor outreach. Existing investors, including Meta and Google, are not looking to exit, with some reportedly seeking to raise their stakes as Jio targets a valuation of up to Rs 10.3 lakh crore.
The analysis
Reliance Industries reported Rs 30,000 crore and Rs 10.3 lakh crore. 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 -0.7% on the day at ₹1,170.30, and has returned -8.6% 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 -1.2% over the same period, so Reliance Industries is running 7.4 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.
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