Jio's ₹30,213-cr IPO priced at 34x earnings, below Bharti Airtel's 39x
Reliance Industries is in focus in an ipo & listings development with October 21 in focus.
· Business Standard Mkts, BS Companies
Jio Platforms' ₹30,213-crore IPO opens on October 21 at a price band of ₹1,065-₹1,119 a share, valuing the firm at ₹10.3 trillion, with proceeds earmarked for debt…
Key facts
- Dates in focus
- October 21
The analysis
Reliance Industries reported ₹30,213, ₹1,065 and ₹1,119. 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 +3.4% on the day at ₹1,215.00, and has returned -6.2% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -1.7% over the same period, so Reliance Industries is running 4.5 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.
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy, Telecom & Media.
In this story
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