Jio IPO listing ceremony: Response surpassed our expectations, says Akash Ambani, MD of Jio Platforms Limited
Reliance Industries is in focus in an ipo & listings development.
· LiveMint Companies, Economic Times Markets, ET Stocks, Business Today Mkts
Akash Ambani said demand for Jio Platforms’ IPO exceeded expectations, thanking shareholders and expressing confidence in the company’s future. Jio shares debuted on the BSE at a 21% premium to the issue price after the offering was subscribed more than 22 times.
The analysis
Reliance Industries reported movement of 21%. 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 -2.0% on the day at ₹1,172.10, and has returned -6.5% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -3.0% over the same period, so Reliance Industries is running 3.5 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
- In focus: Reliance Industries (Jio) (RELIANCE), in Oil & Energy.
- Over three months: Reliance Industries (Jio) -6.5% against Oil & Energy -3.0% (3.5 points behind).
- At least 25% below the 52-week high: Reliance Industries (Jio) (26%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance Industries (Jio)RELIANCE · Oil & Energy | ₹1,172.10 | -2.0% | -2.4% | -6.5% | -26.4% | 0.6× | — |
Oil & Energy
1M -3.4% · 3M -3.0%
Reliance Industries (Jio)
Prices as of 28 Oct 2026, 11:52 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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