Reliance Industries’ Jio Platforms has appointed 17 global and domestic investment banks for its IPO. This could be India’s biggest IPO ever. This information has been given in a report by ET Now quoting sources. Giants like Goldman Sachs will take charge Jio has onboarded investment banking companies like Goldman Sachs, Morgan Stanley and JP Morgan to manage this issue. Apart from these, domestic banks like Kotak Mahindra Capital, Axis Capital, JM Financial are also part of this team. There can be a valuation of ₹ 16 lakh crore. The valuation of Jio Platforms can be around 180 billion dollars (about ₹ 16 lakh crore). According to the new SEBI rules, companies whose valuation is more than ₹5 lakh crore can be listed with only 2.5% public float. On this basis, even if Reliance sells just 2.5% stake, it can raise more than ₹40,000 crore, which will make it the largest IPO in the history of India. Analysts like Jefferies and CLSA believe that SEBI’s revised rules will help Jio a lot. Earlier companies had to sell at least 10% stake, but now a relaxation of 2.5% has been given for big IPOs. This will also maintain promoters’ control over the company and may support share prices after listing due to less supply of shares in the market. Investors like KKR can sell their stake. It is believed that along with issuing new shares in this IPO, existing investors will sell their stake. Early investors such as KKR, TPG, Silver Lake and Vista Equity Partners may partially cash out their holdings. Intel may also sell some shares. Draft may be filed by the end of this month According to Bloomberg report, Reliance Industries is aiming to file DRHP with SEBI by the end of this month. In this, financial data till the end of December 2025 can be used. The exact timing of listing will depend on market conditions and regulatory approvals.
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Jio appointed 17 global bankers for IPO: Company can raise more than ₹40,000 crore, this will be the country’s biggest IPO
