Reliance Group IPOs and Market Falls – interesting study!
11 th September 2026 Reliance Group IPOs and Market Falls – interesting study! Dear Fellow Investors, Jai Hind! “Hanuman Ansh” Movie is doing very well. Today is a special day to remember Maharaj ji, as he left his physical body at 1.15am on 11 th September 1973. I offer my pranaam to him. I have been watching the market since 1992. The most interesting things were the Reliance Group IPOs and market performance. Their issues were so oversubscribed that market money was pulled out to finance them. Let me share. September 1992:- RPPL issue size was Rs. 650– 800 Crs. It was oversubscribed by 106 times. RPEL was oversubscribed by 90 times. So, total Rs.70000 crs demand was generated. BSE market cap of all companies was around Rs.1.80 lakhs crore to Rs.2.10 lakhs crore. Rs.70000 was 30%!! Sensex was 3400 in September 1992, and it fell to 2400 ...