Jio IPO GMP today: All eyes on telecom major’s mega listing this week. What is grey market signalling?
Reliance Industries is in focus in an ipo & listings development with October 28 in focus.
· Economic Times Markets, LiveMint Markets, ET Stocks
Jio Platforms will list on October 28, with a grey market premium of Rs 247 indicating a potential 22.07% listing gain. The Rs 30,213-crore IPO was subscribed over 22 times, led by strong institutional demand.
Key facts
- Dates in focus
- October 28
The analysis
Reliance Industries reported Rs 247 and Rs 30,213, with movement of 22.07% attached to those lines. 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.
- Over three months: Reliance Industries (Jio) -9.9% against Oil & Energy -5.7% (4.2 points behind).
- 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× | — |
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries (Jio)
Telecom & Media
1M -0.2% · 3M +0.9%
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
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
Jio shares jump 5%, surpass analyst targets; m-cap tops Rs 13.6 lakh crore as dream run continues
Jio IPO windfall brings mega party, early salaries, and bonus bonanza