Jio Platforms IPO: Mukesh Ambani’s Reliance Appoints 17 Bankers for Mega ₹40,000 Crore Offering

Reliance Industries Limited (RIL) has taken a significant step towards a potential initial public offering (IPO) for its digital and telecom arm, Jio Platforms by appointing 17 investment banks, indicating progress towards what could be India’s largest IPO, as per an ETNOW report. 

Key Details of Jio Platforms IPO Preparations 

The investment banks selected for the IPO include prominent global players like Goldman Sachs, Morgan Stanley, Citigroup, and JPMorgan, alongside domestic institutions such as Kotak Mahindra Capital, Axis Capital, JM Financial, and SBI Capital Markets.  

The mix of global and domestic banks highlights the anticipated scale and international interest in the IPO. 

Expected to raise as much as ₹40,000 crore, the Jio Platforms IPO is poised to be the largest in the history of Indian stock markets.  

The IPO is anticipated to consist of both primary capital raisings as well as secondary share sales. This strategic move is in readiness for a substantial evaluation of the company. 

Regulatory Changes Facilitate IPO Structure 

Recent regulatory modifications have played a pivotal role in shaping the IPO structure. India now permits companies with post-issue valuations exceeding ₹5 lakh crore to list with a minimum public float of 2.5%, compared to the previous minimum of 10%.  

This change is particularly beneficial for large ventures like Jio Platforms, which could significantly influence the distribution of stakes. 

Read More: Reliance Industries Share Price in Focus; Set to File Jio Platforms IPO Prospectus by March! 

Implications for Investors and Market Dynamics 

The planned IPO is expected to generate robust interest from various investor types. While early investors may look to monetise some of their holdings, major strategic investors are anticipated to maintain or slightly adjust their stakes only marginally.  

This strategy aligns with the larger objective of retaining control while meeting regulatory requirements. 

Reliance Industries Share Price Performance  

As of March 18, 2026, at 2:28 PM, Reliance Industries share price on NSE was trading at ₹1,411.00 up by 0.96% from the previous closing price. 

Conclusion 

With the appointment of 17 investment banks to manage a potential ₹40,000 crore IPO, Reliance Industries sets the stage for Jio Platforms to achieve the status of India's largest public offering. This development underlines the strategic timing and significant market interest in one of India’s foremost digital service providers. 

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