Reliance Jio IPO listing on Oct 28: Will Mukesh Ambani's firm be in top 5 m-cap? RIL to hold top spot
BSE left its position unchanged in an ipo & listings development with Oct 28 in focus.
· LiveMint Markets
Jio Platforms’ IPO was subscribed 22.19 times, with allotment expected on October 26. Based on its upper price band and post-issue share count, the company is estimated to have a market capitalisation of ₹10.30 lakh crore, potentially placing it among the BSE’s top five companies.
Key facts
- Dates in focus
- Oct 28 and October 26
The analysis
BSE reported ₹10.30 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.
- With BSE 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.
In this story
Related coverage
Jio IPO opens with 22% GMP: Check brokerage views, allotment chances and other details
IPO subscription status comparison: Reliance Jio Platforms vs Paras Healthcare IPO — who is leading?
Reliance Jio Platforms IPO allotment status check online by PAN number on NSE India, BSE websites: Direct link, steps
Jio IPO breaks multiple records: From fundraising to investor demand, how the mega issue rewrote India’s IPO history
Reliance Jio IPO: Who is Arjun Vaidya? Bizman shares why his friend Akash Ambani returned to India from US | Video