Jio’s mega IPO breaks all records with Rs 2.5 lakh crore anchor demand: BlackRock, GIC, LIC participate
Reliance Industries launched an initiative in an ipo & listings development with October 21 in focus.
· Economic Times Markets, ET Stocks, Business Today Mkts
Jio Platforms is making waves with its IPO, drawing in around Rs 2.5 lakh crore from institutional investors, reflecting remarkable enthusiasm in the market. With backing from renowned global asset managers and sovereign wealth funds, this Rs 30,200 crore offering launches on October 21, featuring a price band of Rs 1,065 to Rs 1,119 per share.
Key facts
- Dates in focus
- October 21
The analysis
Reliance Industries reported Rs 2.5 lakh crore, Rs 30,200 crore and Rs 1,065. 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 ₹1,201.70, 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, Financial Services.
In this story
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