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Reliance Shares Surge 2.7 Percent Ahead of Anticipated Jio IPO Listing
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News18•06-10-2026, 17:51
Reliance Shares Surge 2.7 Percent Ahead of Anticipated Jio IPO Listing
- •Reliance Industries shares rose by 2.7 percent on Tuesday to close at 1218, gaining about 4.3 percent in two sessions.
- •Market expectations suggest Jio Platforms could launch its IPO between October 21 and October 23 with a listing around October 28.
- •The IPO will be entirely a fresh issue, with funds primarily used to repay Reliance Jio Infocomm debt of around 27500 crore rupees.
- •Jefferies boosted its confidence by increasing Reliance's weight in its model portfolio to 7.5 percent citing attractive valuations.
Key Questions Answered
Jio Platforms is expected to open its IPO between October 21 and October 23, with stock market listing anticipated on October 28. However, these dates are not yet finalized and remain subject to market conditions.
A substantial portion of the funds raised from the initial public offering will be allocated to repay or prepay approximately 27,500 crore rupees of Reliance Jio Infocomm's debt.
Jefferies has increased Reliance Industries' weight in its model portfolio to 7.5%. The brokerage highlights that the stock trades at an attractive valuation, with a one-year forward EV/EBITDA of around 8.4 times, which sits about 23% below its 10-year average.
