Jio Platforms Limited’s much-anticipated IPO may be delayed due to regulatory delays, Bloomberg reported. The report said Jio’s parent company Reliance Industries Limited (RIL) is currently waiting for the government’s notification. Following the government’s order, the company will be able to formally appoint bankers and file the Draft Red Herring Prospectus (DRHP) for the Initial Public Offer.
According to Bloomberg’s report, the company is planning to file the draft prospectus before April, however, everything will depend entirely on government approval. As per the report, there is a delay in formally approving changes to listing rules by the government. RUIL chairman Mukesh Ambani had earlier indicated that Jio’s IPO could be launched in the first half of 2026.
The Road Ahead for Reliance Jio’s Mega Public Offering
Jio Platforms is one of the most important companies of the Reliance Group and operates India’s largest mobile service company. The investment bankers expect the company’s potential valuation could reach around $170 billion. With this valuation, it could become the largest IPO ever in India, and the company could raise about $4.3 billion by selling a minimum stake.
The Securities and Exchange Board of India (SEBI) gave its nod to the changes to the rules in September. According to the new rules, companies which will have post-issue market capitalisation of more than Rs 5 lakh crore will be allowed to sell a minimum stake of 2.5% in an IPO instead of the earlier 5%. However, the final approval from the government to implement these rules is still pending.
However, market experts believe that large IPOs such as Jio and the National Stock Exchange of India can bring new energy to the Indian stock market.
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