As per Bloomberg report, Reliance Industries Ltd has officially initiated the drafting process of the prospectus for a potential record-breaking Initial Public Offering (IPO) of Jio Platforms, aligning it with the forthcoming SEBI guidelines that may enable a lower dilution threshold.
Reliance Industries is reportedly engaging with banking partners to prepare Jio Platforms’ draft Red Herring Prospectus (DRHP), as per Bloomberg’s report.
The filing is expected to follow the implementation of new SEBI rules, allowing companies with a post-issue market capitalisation of $55 billion to dilute as little as 2.5%.
Jio, which may be valued at up to $170 billion by bankers, aims to leverage this flexibility. This could enable Jio to raise $4.3 billion with a minimum equity dilution.
According to the news reports, if executed as planned, Jio’s IPO would surpass all previous offerings in Indian markets. The current record is held by Hyundai Motor India Ltd, which raised $3.3 billion last year.
Jio’s potential valuation not only places it ahead of Bharti Airtel’s estimated $140 billion but also positions it among the most noteworthy listings globally.
Read More: NHAI Partners with Reliance Jio for Telecom-Based Road Safety Alerts on National Highways!
The Securities and Exchange Board of India has cleared the path for a revision to its IPO regulations by lowering the minimum offer size for large-cap companies. While these rules have yet to take effect.
Reliance’s Chairman, Mukesh Ambani, previously mentioned that the Jio listing could take place in the first half of 2026.
Until formal rule changes occur, Reliance will continue informal consultations and preparatory work. The official DRHP filing and appointment of lead bankers are expected shortly thereafter.
As of December 4, 2025, at 2:50 PM, Reliance Industries share price on NSE was trading at ₹1,544.70 up by 0.38% from the previous closing price.
The initiation of Jio’s draft prospectus signals that Reliance is moving closer to what may be India’s most significant IPO to date. Subject to regulatory updates, this public offering could reshape the telecom market's positioning on the shareholder front.
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Published on: Dec 4, 2025, 3:24 PM IST
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