Jio Platforms IPO fully subscribed within 100 minutes; QIB portion gets 3 times bids
Reliance Industries secured new business in an ipo & listings development.
· Business Today Mkts, LiveMint Markets, BS Companies, Business Standard Mkts
Jio IPO: Canara Bank Securities recommended 'Subscribe' to the issue from a long-term perspective, given the volume-led growth from mobility, homes, and MSMEs and ARPU upside from bundled media.
The analysis
Against that, the stock is +1.5% on the day at ₹1,219.80, and has returned -6.3% over three months. It sits 23% below its 52-week high. The oil & energy sector has moved -4.7% over the same period, so Reliance Industries is running 1.6 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, Banks.
In this story
Related coverage
Jio IPO has lenders, brokerages pushing retail participation with loans, marketing reach out
Reliance Jio IPO: Apply or not? Should you subscribe to issue after launch or wait for listing? What GMP signals?
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
IndusInd General Insurance names Sharad Mathur as Managing Director & CEO