Blockbuster IPO debut of BLS Polymers; 3 times premium as compared to Jio Platforms - All details for investors here
Reliance Industries made an announcement in an ipo & listings development.
· LiveMint Markets
BLS Polymers shares debuted on the NSE at ₹248, up 65.33% from the ₹150 IPO price, after the issue was subscribed 241.22 times. The company plans to use proceeds from its fresh issue to expand its Goa manufacturing facility and meet working capital needs.
The analysis
Reliance Industries reported ₹248, and ₹150, with movement of 65.33% 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 -0.7% on the day at ₹1,291.50, and has returned -0.6% over three months. It sits 19% below its 52-week high. The oil & energy sector has moved -4.2% over the same period, so Reliance Industries is running 3.6 points ahead of 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 NSE 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) -0.6% against Oil & Energy -4.2% (3.6 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance Industries (Jio)RELIANCE · Oil & Energy | ₹1,291.50 | -0.7% | +11.3% | -0.6% | -18.9% | 1.6× | — |
Oil & Energy
1M -0.4% · 3M -4.2%
Reliance Industries (Jio)
Capital Goods & Engineering
1M -8.8% · 3M -4.8%
Capital Markets
1M -0.1% · 3M -5.1%
Prices as of 3 Nov 2026, 13:19 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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