Updated 18 March 2026 at 14:39 IST
Reliance Industries Ltd Likely To File DRHP For Jio IPO After This Listing Norms Change
The mainboard listing preparations for Jio were initiated after the Mumbai-headquartered company appointed 17 bankers for the highly anticipated listing.
Jio IPO: Reliance Industries Ltd is eyeing to list Jio Platforms Ltd a red draft hearing prospectus (DRHP) after having appointed a consortium of banks for what is expected to be a mega public listing.
The Jio IPO filing will include the telecom unit's December-end financials, according to media reports.
The mainboard listing preparations were initiated after the Mumbai-headquartered company appointed 17 bankers for the highly anticipated listing, including HSBC Holdings Plc, Morgan Stanley, JPMorgan Chase & Co., Citigroup Inc. and Goldman Sachs Group Inc.
The aims of making Jio public garnered pace after the centre gave it nod to alters listing requisites, which now allows issuers to dilute as little as 2.5% of its equity. This signals a sharp decline from the earlier 5% minimum requisite for large-cap firms, and lower than the basic 25% free-float rule.
The Jio IPO, which is expected to raise $100 billion to $120 billion, will likely dilute 2.5% stake.
The South Asian nation's primary market has had a toned down in 2026 after two stellar years for public listing. Nearly $1.7 billion has been raised via IPOs this quarter as against $2.3 billion in the same period last year.
Published By : Nitin Waghela
Published On: 18 March 2026 at 14:39 IST