An investment of ₹1,000 in Reliance Industries’ initial public offering (IPO) in 1977 would have grown to approximately ₹52.93 lakh by October 2026, according to the figures in the supplied report. The calculation includes bonus shares, shares received through the Jio Financial Services demerger and the value of the resulting holdings.
Reliance Textile Industries, now Reliance Industries Limited, launched its IPO in November 1977 at ₹10 per share. The company raised around ₹2.82 crore through an issue of 28.2 lakh shares, which reportedly received seven times subscription. Its shares listed at around ₹17–₹18 apiece.
Over the following decades, Reliance expanded beyond textiles into refining, petrochemicals, retail and telecommunications. Six bonus issues increased the shareholding over time, with the latest 1:1 bonus issue announced in August 2024.
The report estimates that the original 100 shares grew to 4,096 shares worth around ₹48.74 lakh as of October 23, 2026. The separate listing of Jio Financial Services in 2023 added another estimated ₹4.19 lakh in shares, taking the combined value to ₹52.93 lakh.
The calculation excludes the additional value of dividends, which shareholders received over the years. Past returns, however, do not guarantee future investment performance.
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