Jio Platforms IPO: Price band announced at Rs 1,065-1,119; set to become India's biggest public issue
Reliance Industries made an announcement in an ipo & listings development.
· Business Today Mkts, LiveMint Markets, NDTV Profit, Economic Times Markets
At the upper end of the price band, Jio Platforms' Rs 30,213 crore public issue will surpass Hyundai Motor India's Rs 27,870 crore offering in…
The analysis
Reliance Industries reported Rs 1,065, Rs 30,213 crore and Rs 27,870 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 (Jio) (RELIANCE), in Oil & Energy.
- On the day, 0 of 2 are higher: Reliance Industries (Jio) leads at -0.2% and Hyundai Motor India trails at -0.6%.
- Over three months: Reliance Industries (Jio) -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 (Jio) (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance Industries (Jio)RELIANCE · 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 (Jio)
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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