Shares of Reliance Industries saw a huge jump amid the news about the Jio IPO. During the trading session, the shares of the company rose by around 3 percent and the shares of the company traded at Rs. 1200 level was crossed. Due to this increase, the valuation of Reliance Industries is about Rs. There was an increase of 45 thousand crores. According to a report by Bloomberg, the valuation of Jio IPO could be 114 billion dollars i.e. 11 lakh crore rupees. The IPO may be launched in the third week of October. Also, listings can happen around Dussehra in late October. Let us also tell you what kind of statistics are being seen regarding Reliance Industries.

Increase in company shares

Shares of Reliance Industries are seeing a good rise. Shares of Reliance Industries on the Bombay Stock Exchange rose 2.77 percent during the trading session to Rs. A day high of 1,219 was reached. The special thing is that for the first time after September 28, the shares of the company rose to Rs. 1200 level has been crossed. At 3 pm, the shares of the company surged 2.46 percent to Rs. was trading at 1215.30. However, the company’s share rose marginally to Rs. opened at 1,189.90. While a day earlier the shares of the company were Rs. closed at 1,186.10.

Tremendous rise in valuation

The rise in shares of Reliance Industries has boosted the company’s valuation. If we look at the data, when the shares of the company were at the high of the day, the company was valued at Rs. 16,49,616.47 crore, which on Monday was Rs. 16,05,094.42 crore was found. It means that the valuation of the company has increased by around 45 thousand crore rupees during the trading session. According to experts, the shares of the company rose on Monday and the valuation of the company increased. While last week the valuation of the company was Rs. 16 lakh crore was reduced.

Jio IPO Plan

Vishnukanth Upadhyay, AVP of research at Master Capital Services, said in a Business Standard report that Reliance Industries’ share price has risen as the market is anticipating the long-awaited ‘value unlock’ after Jio’s IPO announcement. He said the fresh issue of around 2.93 per cent of total equity helps in pricing Jio and could reduce the holding-company discount on RIL.

Henceforth, the stock’s movement will depend on a number of factors such as Jio’s IPO valuation and subscription quality, ARPU support from tariff hikes and earnings strength in oil-to-chemicals and retail businesses amid volatile crude oil prices.

According to a Bloomberg report, people with knowledge of the matter said that Jio Platform Ltd for its proposed IPO will raise around Rs. 11 lakh crore ($114 billion) valuation. The report also said that India’s largest wireless operator is planning to open its IPO in the week of October 19 and get listed before October 30.