Reliance Jio IPO Global Record: Another feather in cap! History created - 1st IPO worldwide to cross 1 cr applications
Reliance Industries is in focus in an ipo & listings development.
· LiveMint Markets, Economic Times Markets, Business Today Mkts
Jio Platforms’ IPO became the first globally to attract more than 1 crore applications, with demand exceeding ₹4 lakh crore. The issue was subscribed seven times by Friday afternoon, led by strong institutional interest, while retail bids also surpassed twice their reserved quota.
The analysis
Reliance Industries reported ₹4 lakh 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 +0.5% on the day at ₹1,190.00, and has returned -8.1% over three months. It sits 25% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -5.7% over the same period, so Reliance Industries is running 2.4 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.
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