Big-ticket IPOs have struggled to deliver bumper listing gains. Can Mukesh Ambani backed Reliance Jio buck the trend?
Reliance Industries is in focus.
· LiveMint Markets
Several of India’s biggest IPOs, including those of Hyundai Motor India, LIC and Paytm, delivered weak or modest listing gains. Jio Platforms may break that pattern: anchor investors showed strong demand and its grey market premium points to a potential premium.
The analysis
Against that, the stock is -0.8% on the day at ₹1,202.00, and has returned -9.4% 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 5.8 points behind its peers.
With Reliance Industries, Hyundai Motor India and Life Insurance Corporation all implicated, this reads as a Oil & Energy-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (RELIANCE, HYUNDAI, LICI, PAYTM), which points to a sector-level rather than company-specific driver.
- Sector exposure: Oil & Energy, Auto, Insurance.
- The immediate tone of coverage reads positive.
In this story
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