Jio Platforms lists at 21% premium, becomes India's 2nd-most valuable firm
Reliance Industries is in focus in an ipo & listings development with October 21 in focus.
· Business Standard Mkts, ET Stocks, Business Today Mkts, LiveMint Markets
Jio Platforms' ₹30,213 crore IPO was fully subscribed within 100 minutes of opening on October 21. The issue was booked 22.19 times, with strong institutional demand driving the bids.
Key facts
- Dates in focus
- October 21
The analysis
Reliance Industries reported ₹30,213 crore, with movement of 21% 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 -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.
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.
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