Reliance Jio IPO: 'Salute Mukesh Ambani' - Ace investor Manish Chokhani on '500 mn customers, $100 bn valuation
Reliance Industries moved higher in an ipo & listings development with October 21 in focus.
· LiveMint Markets
Jio Platforms’ IPO will open October 21, with a price band of ₹1,065– ₹1,119 per share. The fresh issue could raise about ₹30,213 crore, making it India’s largest IPO. The offering has reportedly drawn strong interest from global and domestic institutional investors.
Key facts
- Dates in focus
- October 21
The analysis
Reliance Industries reported ₹1,065, ₹1,119 and ₹30,213 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.
- 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.
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