IPO rush continues: Jio, Zetwerk among cos set to tap primary market in Oct
Reliance Industries set out an expansion in an ipo & listings development.
· Business Standard Mkts
A dozen companies, including Jio Platforms, Zetwerk Manufacturing Business, and Avaada Electro, are set to tap the primary market in October to raise funds through initial public offerings (IPOs), extending 2026's strong fundraising momentum.
The analysis
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 -1.5% over the same period, so Reliance Industries is running 7.1 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.
- The shift to renewables is redrawing which energy names are structural winners versus stranded.
- Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy, Capital Goods & Engineering, Defence & Aerospace.
- The immediate tone of coverage reads positive.
In this story
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