{"id":66365,"date":"2026-03-30T14:15:38","date_gmt":"2026-03-30T08:45:38","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=66365"},"modified":"2026-03-31T13:07:23","modified_gmt":"2026-03-31T07:37:23","slug":"5-stocks-witnessing-a-bullish-rsi-upswing","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/5-stocks-witnessing-a-bullish-rsi-upswing\/","title":{"rendered":"Reliance Jio IPO: Mukesh Ambani\u2019s Mega Listing to Align Bank Fees with NSE"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p class=\"wp-block-paragraph\">The Indian primary market is buzzing with what could be the largest IPO in the nation&#8217;s history. <strong>Reliance Jio Platforms<\/strong>, the digital and telecom powerhouse led by Mukesh Ambani, is moving closer to its public debut. In a strategic move that has caught the attention of Dalal Street, Reliance has reportedly set its investment banking fees to mirror those of another giant: the <strong>National <a href=\"https:\/\/www.equentis.com\/blog\/reading-stock-charts-the-basics\/\">Stock Exchange<\/a> (<a href=\"https:\/\/www.equentis.com\/blog\/national-stock-exchange-of-india-functions-features-and-top-companies\/\">NSE<\/a>)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As the company prepares to file its Draft Red Herring Prospectus (DRHP) as early as this week, here is everything investors and market observers need to know about the Jio <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/researchandranking\/ipos\"   title=\"IPO\" data-wpil-keyword-link=\"linked\"  data-wpil-monitor-id=\"1431\">IPO<\/a> and its unique fee structure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Competitive Pricing: The 0.65% Benchmark<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a departure from broader market averages, Reliance Industries has reportedly set advisory fees for the Jio IPO at approximately <strong>0.65% of the issue size<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This aligns perfectly with the fee structure proposed for the upcoming <strong>$2.5 billion NSE IPO<\/strong>. For a potential offering size of up to <strong>$4 billion (~\u20b933,000 crore)<\/strong> for Jio, this creates a fee pool of roughly <strong>$26 million<\/strong> to be shared among the syndicate of banks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Why are the fees so low?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Market Average:<\/strong> Typically, Indian IPOs pay between <strong>1.6% and 1.8%<\/strong> in banking fees.<\/li>\n\n\n\n<li><strong>The Prestige Factor:<\/strong> For banks like Morgan Stanley and Kotak Mahindra Capital, the prestige of being associated with an Ambani-led mega-listing often outweighs the immediate commission.<\/li>\n\n\n\n<li><strong>Bargaining Power:<\/strong> Due to the massive scale and guaranteed high demand for Jio shares, Reliance holds significant leverage in negotiating lower costs.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key IPO Details at a Glance<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Based on recent reports and market analysis as of late March 2026, here is the current roadmap for the Jio Platforms listing:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>Estimated Detail<\/strong><\/td><\/tr><tr><td><strong>Potential Issue Size<\/strong><\/td><td>$4 Billion \u2013 $4.5 Billion<\/td><\/tr><tr><td><strong>Estimated Valuation<\/strong><\/td><td>$130 Billion \u2013 $180 Billion<\/td><\/tr><tr><td><strong>Listing Timeline<\/strong><\/td><td>H1 2026 (April\u2013June)<\/td><\/tr><tr><td><strong>Structure<\/strong><\/td><td>Offer for Sale (OFS)<\/td><\/tr><tr><td><strong>Lead Bankers<\/strong><\/td><td>Kotak Mahindra, Morgan Stanley, JPMorgan, Goldman Sachs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Why the Jio IPO is a Game-Changer<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This isn&#8217;t just another telecom listing; it\u2019s a milestone for the Indian digital economy. Here\u2019s why the market is eagerly awaiting the &#8220;Subscribe&#8221; button:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Massive User Base:<\/strong> Jio recently crossed the <strong>500 million subscriber<\/strong> mark, commanding a revenue market share of over 42%.<\/li>\n\n\n\n<li><strong>Monetization Gains:<\/strong> Following recent tariff hikes, Jio\u2019s Average Revenue Per User (ARPU) has climbed to <strong>\u20b9208.8<\/strong>, driving a 25% YoY increase in net profits.<\/li>\n\n\n\n<li><strong>Beyond Telecom:<\/strong> The IPO represents &#8220;Jio Platforms,&#8221; which includes its AI initiatives, cloud services, and digital ecosystem (JioCinema, JioMart, etc.), not just mobile data.<\/li>\n\n\n\n<li><strong>Secondary Sale:<\/strong> The issue is expected to be an <strong>Offer for Sale (OFS)<\/strong>, allowing early <a href=\"https:\/\/www.equentis.com\/blog\/key-global-events-that-can-influence-the-stock-market-this-week-3\/\">global<\/a> investors like Meta and Google a chance to partially pare their stakes.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Investor Watch: What\u2019s Next?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The market is currently on &#8220;DRHP Watch.&#8221; Reliance is expected to file its initial papers with <a href=\"https:\/\/www.equentis.com\/blog\/sebi-registered-investment-advisor-meaning-eligibility\/\">SEBI<\/a> by the end of March or the first week of April 2026. This filing will provide the definitive price band and the exact number of shares being offloaded by existing investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Conclusion<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By aligning its banking fees with the NSE, Reliance is signaling a lean, efficient approach to what will likely be India&#8217;s most significant market event of the decade. For retail investors, the focus remains on the valuation\u2014whether Ambani will leave enough &#8220;money on the table&#8221; for a listing-day pop.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technical indicators are flashing green for a select group of Nifty 200 stocks. Leading the pack are the graphite electrode giants, which have transitioned from &#8220;neutral&#8221; to &#8220;bullish&#8221; overnight. The Relative Strength Index (RSI), a key momentum oscillator, has crossed the 50-mark for several companies, signaling that price strength is favoring the buyers.<\/p>\n","protected":false},"author":9,"featured_media":66373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-66365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/66365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=66365"}],"version-history":[{"count":9,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/66365\/revisions"}],"predecessor-version":[{"id":66395,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/66365\/revisions\/66395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/66373"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=66365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=66365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=66365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}