Jio Platforms IPO: How Reliance boss Mukesh Ambani's mega issue compares with India's 5 biggest IPOs; price band, size
Reliance Industries moved higher in an ipo & listings development with October 21 in focus.
· LiveMint Markets
Jio Platforms is preparing an IPO expected to raise up to ₹30,213 crore, potentially making it India’s largest-ever public issue and surpassing Hyundai Motor India’s ₹27,859 crore offering. The proposed fresh issue is expected to open to public investors from October 21 to 23, 2026.
Key facts
- Dates in focus
- October 21
The analysis
Reliance Industries reported ₹30,213 crore and ₹27,859 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 -0.2% on the day at ₹1,164.90, and has returned -9.9% 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 -5.7% over the same period, so Reliance Industries is running 4.2 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 (RELIANCE), in Oil & Energy.
- On the day, 0 of 2 are higher: Reliance Industries leads at -0.2% and Hyundai Motor India trails at -0.6%.
- Over three months: Reliance Industries -9.9% against Oil & Energy -5.7% (4.2 points behind); Hyundai Motor India -5.3% against Auto -7.7% (2.4 points ahead).
- At least 25% below the 52-week high: Reliance Industries (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,164.90 | -0.2% | -1.9% | -9.9% | -26.8% | 1.0× | — |
| Hyundai Motor IndiaHYUNDAI · Auto | ₹1,911.00 | -0.6% | -5.9% | -5.3% | -21.6% | 0.5× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries
Auto
1M -5.8% · 3M -7.7%
Hyundai Motor India
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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