Reliance Jio IPO: 'Salute Mukesh Ambani' - Ace investor Manish Chokhani on '500 mn customers, $100 bn valuation
Reliance Industries moved higher in an ipo & listings development with October 21 in focus.
· LiveMint Markets
Jio Platforms’ IPO will open October 21, with a price band of ₹1,065– ₹1,119 per share. The fresh issue could raise about ₹30,213 crore, making it India’s largest IPO. The offering has reportedly drawn strong interest from global and domestic institutional investors.
Key facts
- Dates in focus
- October 21
The analysis
Reliance Industries reported ₹1,065, ₹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.
In this story
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