Jio IPO attracts Rs 70,000 crore in bids on day 1, outpaces LIC, NSE issues
Reliance Industries made an announcement in an ipo & listings development.
· ET Stocks, Economic Times Markets
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a rate of 9.42 times, while retail investors opted for a 0.73 times rate. Non-institutional interest was stronger at 1.68 times.
The analysis
Reliance Industries reported Rs 70,000 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 +0.6% 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.
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy, Insurance.
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 raises ₹8,110 crore from 212 anchor investors ahead IPO; LIC, New World Fund among top investors
Big-ticket IPOs have struggled to deliver bumper listing gains. Can Mukesh Ambani backed Reliance Jio buck the trend?
Jio is a technology company, not just a telco: Akash Ambani ahead of IPO
BT Explainer | Jio IPO Day 2: How you can apply under two categories with one PAN card