Jio IPO opens tomorrow: How can investors maximise allotment chances under Rs 2,500 crore RIL shareholders quota
Reliance Industries launched an initiative in an ipo & listings development with October 21 in focus.
· Economic Times Markets, ET Stocks
The much-anticipated Reliance Jio Platforms IPO is launching for public subscription starting October 21, 2023. Shareholders of Reliance Industries can benefit from a Rs 2,500 crore reservation aimed at maximizing their investment opportunities. Those eligible are encouraged to apply in both the shareholder and retail categories.
Key facts
- Dates in focus
- October 21, October 26 and October 28
The analysis
Reliance Industries reported Rs 2,500 crore, Rs 1,065 and Rs 1,119,. 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 -9.4% 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.
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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