Jio Platforms IPO fully subscribed within 100 minutes; QIB portion gets 3 times bids
Reliance Industries secured new business in an ipo & listings development.
· Business Today Mkts, LiveMint Markets, BS Companies, Business Standard Mkts, NDTV Profit
Jio IPO: Canara Bank Securities recommended 'Subscribe' to the issue from a long-term perspective, given the volume-led growth from mobility, homes, and MSMEs and ARPU upside from bundled media.
The analysis
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 Canara Bank trails at -1.9%.
- Over three months: Reliance Industries (Jio) -9.9% against Oil & Energy -5.7% (4.2 points behind); Canara Bank -5.4% against Banks -6.0% (0.6 points ahead).
- At least 25% below the 52-week high: Reliance Industries (Jio) (27%) and Canara Bank (26%).
| 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× | — |
| Canara BankCANBK · Banks | ₹117.54 | -1.9% | -1.6% | -5.4% | -26.0% | 0.8× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries (Jio)
Banks
1M -3.4% · 3M -6.0%
Canara Bank
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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