Jio IPO: Which mutual funds bet big, and where did your SIP money go?
Reliance Industries is in focus in an ipo & listings development with October 28 in focus.
· Business Today Mkts
Jio Platforms’ ₹30,213-crore IPO listed at a 21.4% premium on October 28, delivering an initial gain of ₹240 per share to IPO allottees. Mutual funds received ₹2,784.96 crore in shares, with SBI Focused Fund emerging as the biggest investor at ₹315 crore.
Key facts
- Dates in focus
- October 28
The analysis
Reliance Industries reported ₹30,213, ₹240 and ₹2,784.96 crore, with movement of 21.4% attached to those lines. 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 -3.2% on the day at ₹1,158.00, and has returned -6.5% over three months. It sits 27% 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.
- Fund flows and NAV moves show where domestic retail conviction is actually going, month after month.
Market context
- In focus: Reliance Industries (Jio) (RELIANCE), in Oil & Energy.
- On the day, 1 of 2 are higher: State Bank of India (SBI) leads at +1.2% and Reliance Industries (Jio) trails at -3.2%.
- Over three months: Reliance Industries (Jio) -6.5% against Oil & Energy -3.0% (3.5 points behind); State Bank of India (SBI) -7.4% against Banks -6.9% (0.5 points behind).
- At least 25% below the 52-week high: Reliance Industries (Jio) (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance Industries (Jio)RELIANCE · Oil & Energy | ₹1,158.00 | -3.2% | -2.4% | -6.5% | -27.3% | 1.6× | — |
| State Bank of India (SBI)SBIN · Banks | ₹956.80 | +1.2% | -3.9% | -7.4% | -22.1% | 1.2× | — |
Oil & Energy
1M -3.4% · 3M -3.0%
Reliance Industries (Jio)
Banks
1M -5.6% · 3M -6.9%
State Bank of India (SBI)
Prices as of 28 Oct 2026, 15:31 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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