Reliance Industries' tech unit Jio Platforms may file the prospectus (DRHP) with SEBI in the next few days for its much-awaited initial public offering (IPO). This will probably be the country's largest initial public offering so far. According to market sources, this issue will be in the form of OFS, in which many existing foreign investors are preparing to reduce their stake. In separate reports last year, Jefferies had valued Jio at $180 billion, while JP Morgan had pegged the valuation of Jio Platforms, which handles Reliance Industries' telecom and digital businesses, at $136 billion.
According to sources, DRHP can be filed by the end of March. India's largest ever public offering (IPO) will be an offer for sale. There is currently no response to the email sent to Jio regarding this. Jio Platforms is expected to be listed on the stock exchange in the first half of 2026. Facebook (now Meta) has a 10 percent stake in Jio Platforms, while Google has a 7.7 percent stake. It is reported that all 13 investors can sell their 8 percent stake. Which will be equal to 2.5 percent of Jio's total stake. According to the information, Jio's IPO can sell its stake between 2.5 percent to 3 percent.
However, amid geopolitical tension, a decline of about 10 percent has been seen in Sensex and Nifty. On the other hand, no significant impact has been seen in the shares of the country's largest company Reliance Industries. An increase of 1.31 percent has been seen in the company's shares in the month of March. Whereas since March 4 till now, the shares of Reliance Industries have seen a rise of about 5 percent. If we talk about March 25, the company's shares closed flat. According to BSE data, shares of Reliance Industries closed at Rs 1,412.55. Whereas during the trading session the company's shares had reached Rs 1,430. However, on Wednesday a rise of 1200 points was seen in the Sensex.
