Jio IPO attracts Rs 70,000 crore in bids on day 1, outpaces LIC, NSE issues
Reliance Industries made an announcement in an ipo & listings development.
· ET Stocks, Economic Times Markets
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a rate of 9.42 times, while retail investors opted for a 0.73 times rate. Non-institutional interest was stronger at 1.68 times.
The analysis
Reliance Industries reported Rs 70,000 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.
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
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)
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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