Reliance is approaching prominent global names, including Morgan Stanley, HSBC Holdings Plc, JPMorgan Chase & Co., Citigroup Inc., and Goldman Sachs Group, to play key advisory roles. , Markets, Times Now

Will Reliance File Red Herring Prospectus For Jio IPO In March?

Mukesh Ambani has previously informed that Jio Platforms could list in the first half of 2026.

Reliance Industries is reportedly accelerating its plan to list its telecom arm, Jio Platforms Ltd., with early filings expected as soon as the end of March. Sources familiar with the development told Bloomberg that the company is preparing to submit its draft red herring prospectus (DRHP) shortly, supported by financial results up to December. While the exact timeline is still fluid, the move signals that the long-anticipated listing is entering a more concrete phase.

This step comes after months of speculation about Jio’s potential debut on the stock market, with investors closely tracking developments that could be one of India’s most significant listings.

In a major step forward, Reliance has already begun formal groundwork for the offering by appointing a large group of bankers. Reports suggest that as many as 17 financial institutions have been brought on board to manage different aspects of the IPO, as per Bloomberg.

Among the prominent global names selected are Morgan Stanley, HSBC Holdings Plc, JPMorgan Chase & Co., Citigroup Inc., and Goldman Sachs Group. These institutions are expected to play key advisory roles. On the domestic front, leading firms such as Kotak Mahindra Capital Co., Axis Capital Ltd., JM Financial Ltd., and SBI Capital Markets Ltd. have also been roped in, as per the report.

Regulatory Changes Fuel Momentum

The timing of this IPO push aligns with a recent regulatory shift that has made it easier for large companies to go public. New norms now allow issuers to dilute as little as 2.5 per cent of their equity, significantly lowering the barrier for listing.

This policy tweak has helped accelerate Reliance’s plans, potentially paving the way for what could become India’s largest IPO to date. Notably, this would also mark the first major public offering from a key Reliance subsidiary in nearly 20 years under the leadership of Mukesh Ambani.

What To Expect From The Offering

The proposed IPO is expected to be largely a secondary share sale, meaning existing investors may offload part of their holdings. However, critical details such as the total issue size, valuation, and exact timing are still under discussion and could evolve in the coming months. So far, neither the company nor the appointed banks have issued official statements, and queries sent outside business hours have gone unanswered.

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