Jio Platforms IPO anchor investor quota nearly 30 times oversubscribed
Reliance Industries moved higher in an ipo & listings development.
· BS Companies, Business Standard Mkts
Jio Platforms is set to raise up to $3.2 billion at a valuation of $108.3 billion in what will be India's biggest ever…
The analysis
Against that, the stock is -0.8% on the day at ₹1,202.00, and has returned -9.1% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -3.6% over the same period, so Reliance Industries is running 5.5 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.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
In this story
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