BT Explainer | Jio IPO Day 2: How you can apply under two categories with one PAN card
Reliance Industries is in focus in an ipo & listings development with October 21 in focus.
· Business Today Mkts
The IPO scripted history on October 21, becoming fully subscribed within 100 minutes of opening. At 1:15 pm on Day 1, the issue was subscribed 1.65 times, with qualified institutional buyers (QIBs) bidding for 4.86 times their reserved shares.
Key facts
- Dates in focus
- October 21
The analysis
Against that, the stock is +0.6% on the day at ₹1,209.00, and has returned -7.3% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -5.1% over the same period, so Reliance Industries is running 2.2 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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