Jio Platforms raises ₹8,110 crore from 212 anchor investors ahead IPO; LIC, New World Fund among top investors
Reliance Industries moved higher in an ipo & listings development with October 21 in focus.
· LiveMint Markets
Jio Platforms allotted shares worth ₹8,110 crore to 212 anchor investors at ₹1,119 per share ahead of its October 21 IPO. LIC received the largest allocation. The company aims to raise about ₹30,213 crore, valuing it at approximately $108 billion at the top of its price band.
Key facts
- Dates in focus
- October 21
The analysis
Reliance Industries reported ₹8,110 crore, ₹1,119 and ₹30,213 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 -0.8% 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, Insurance.
In this story
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