Reliance Jio files RHP, announces IPO dates for India's biggest listing
Reliance Industries made an announcement in an ipo & listings development with October 23 in focus.
· Economic Times Markets
Jio IPO will be open for subscription till October 23. The public offer, which will be India's biggest, is a fresh issue sale of 27 crore shares.
Key facts
- Dates in focus
- October 23
The analysis
Against that, the stock is +0.7% on the day at ₹1,174.60, and has returned -9.2% 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 +0.1% over the same period, so Reliance Industries is running 9.3 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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