Reliance Jio IPO: Massive bids top $25 bn amount for anchor book! How Mukesh Ambani firm attracted top-notch investors
Reliance Industries made an announcement in an ipo & listings development.
· LiveMint Markets
Reliance Jio Platforms’ ₹30,213 crore IPO drew anchor bids exceeding 30 times the available shares, attracting major global and domestic investors. The company plans to use up to ₹27,500 crore of proceeds to repay Reliance Jio Infocomm borrowings.
The analysis
Reliance Industries reported ₹30,213 crore and ₹27,500 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 -9.4% 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
Related coverage
Jio’s mega IPO breaks all records with Rs 2.5 lakh crore anchor demand: BlackRock, GIC, LIC participate
Jio Platforms IPO anchor investor quota nearly 30 times oversubscribed
Jio IPO opens tomorrow: How can investors maximise allotment chances under Rs 2,500 crore RIL shareholders quota
Analysis ahead of Reliance Jio IPO: Bharti Airtel is better or Mukesh Ambani shares? Top value things before bid opens
Vodafone Idea zooms 12% after FPO sees 6x subscription; focus shifts to allotment, listing