Jio Platforms IPO: Board approves DRHP for up to 27 crore shares

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RELIANCE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹1331.70

prior close

₹1333.70

announcement price

In-mkt

timing

Nifty 100market-0.6%-0.9% vs market

Refineries & Marketing peers, median of 12sector-2.3%+0.8% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty 100 and 0.8 pts more than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-1.9

15m

-1.3

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5-0.6-0.9-2.3+0.8

Next day

-0.5-0.1-0.4-1.2+0.6

-1.9-1.3-0.6-1.3-0.7

-1.4-0.6-0.7+0.3-1.6

-1.1-0.5-0.7-1.5+0.4

-2.4-1.0-1.4-3.7+1.4

-1.9-0.7-1.2-3.4+1.6

15d

-2.7+0.0-2.7-3.6+1.0

-0.7+0.2-0.9-1.1+0.4

-1.6+0.0-1.6-3.0+1.4

-6.4-2.7-3.7-5.1-1.3

UpDownMarket · Nifty 100Sector · Refineries & Marketing peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Reliance Industries' material subsidiary Jio Platforms has approved its Draft Red Herring Prospectus (DRHP) for a proposed IPO. The issue will be a fresh issue of up to 27 crore equity shares of face value Rs. 10 each. The price will be determined through the book-building process under SEBI norms. The IPO remains subject to receipt of required regulatory approvals.

Likely market impact

Jio Platforms listing could unlock significant value for RIL shareholders. Issue size, valuation and listing gains will be key to watch.