Reliance Jio IPO: Apply or not? Should you subscribe to issue after launch or wait for listing? What GMP signals?
Reliance Industries made an announcement in an ipo & listings development with 23 October in focus.
· LiveMint Markets, NDTV Profit, ET Stocks, Economic Times Markets, Business Today Mkts
Reliance Jio IPO: Jio Platforms IPO, which will remain open for subscription till Friday, 23 October, also announced the IPO price band at ₹1,065– ₹1,119 per equity…
Key facts
- Dates in focus
- 23 October
The analysis
Reliance Industries reported ₹1,065 and ₹1,119. 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.
- Over three months: Reliance Industries -9.9% against Oil & Energy -5.7% (4.2 points behind).
- 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× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries
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
Related coverage
After IPO listing, Jio Platforms Q2 results 2026 announced: Check ARPU, profit, revenue, EBITDA, Subscriber Base details
Markets hit 6-month high in Oct on IT rally, Jio Platforms IPO frenzy
No. 2 on Day 1: How Jio Platforms broke India’s market cap hierarchy on debut itself
Jio Platforms shares to be available under MTF from Day 1. What should investors know?
Jio Financial Services share price decoded: Reliance stock performance amid Jio Platforms IPO buzz; target, outlook