Jio IPO breaks multiple records: From fundraising to investor demand, how the mega issue rewrote India’s IPO history
Reliance Industries reported results in an ipo & listings development.
· ET Stocks, Economic Times Markets
The issue set records across fundraising, anchor investor demand and applications, while attracting the highest qualified institutional buyer (QIB) subscription among India’s five largest IPOs. It was fully subscribed within 100 minutes of opening and received nearly 1.4 crore applications, according to figures compiled for the issue.
The analysis
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.
In this story
Related coverage
Jio IPO opens with 22% GMP: Check brokerage views, allotment chances and other details
Reliance Jio IPO creates history with fastest-ever full subscription - Will listing set more records? Check latest GMP
IPO subscription status comparison: Reliance Jio Platforms vs Paras Healthcare IPO — who is leading?
Mother of all IPOs! Jio Platforms shatters many existing records - Full list here
Vodafone Idea zooms 12% after FPO sees 6x subscription; focus shifts to allotment, listing