Jio’s mega IPO breaks all records with Rs 2.5 lakh crore anchor demand: BlackRock, GIC, LIC participate
Reliance Industries launched an initiative in an ipo & listings development with October 21 in focus.
· Economic Times Markets, ET Stocks, Business Today Mkts, Business Standard Mkts, NDTV Profit
Jio Platforms is making waves with its IPO, drawing in around Rs 2.5 lakh crore from institutional investors, reflecting remarkable enthusiasm in the market. With backing from renowned global asset managers and sovereign wealth funds, this Rs 30,200 crore offering launches on October 21, featuring a price band of Rs 1,065 to Rs 1,119 per share.
Key facts
- Dates in focus
- October 21
The analysis
Reliance Industries reported Rs 2.5 lakh crore, Rs 30,200 crore and Rs 1,065. 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 Life Insurance Corporation (LIC) trails at -3.2%.
- Over three months: Reliance Industries (Jio) -9.9% against Oil & Energy -5.7% (4.2 points behind); Life Insurance Corporation (LIC) -9.4% against Insurance -13.4% (4.0 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× | — |
| Life Insurance Corporation (LIC)LICI · Insurance | ₹383.25 | -3.2% | -3.0% | -9.4% | -17.1% | 0.9× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries (Jio)
Insurance
1M -5.4% · 3M -13.4%
Life Insurance Corporation (LIC)
Financial Services
1M -8.8% · 3M -14.9%
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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