Jio Platforms eyes IPO prospectus filing as early as March

Reliance Industries' telecom arm, Jio Platforms, has informed bankers of plans to file its IPO prospectus as early as March. The move involves filing initial documents by the end of this month. Seventeen bankers have been appointed to manage what could become India's largest IPO.

Reliance Industries is gearing up for an initial public offering (IPO) of its telecom subsidiary, Jio Platforms. According to reports, the company has told bankers it may submit the IPO prospectus as early as March, with initial documents expected by the end of the current month. This preparation marks a significant step toward what is described as potentially India's largest ever IPO. To oversee the process, seventeen bankers have been appointed. The offering is anticipated to take the form of a secondary share sale by existing investors. Jio Platforms, a key part of Reliance Industries under Mukesh Ambani, has been a major player in India's telecom sector. The IPO plans highlight ongoing efforts to unlock value from the telecom business amid a bustling market for public listings in India.

Makala yanayohusiana

India's primary market is preparing for a busy week with five initial public offerings (IPOs) set to raise over Rs 6,578 crore. The offerings are led by Raajmarg Infra Investment Trust's Rs 6,000 crore issue. Investor caution persists amid recent weak listings and subdued grey market premiums.

Imeripotiwa na AI

Sunil Gold India Ltd has submitted draft papers to the Securities and Exchange Board of India (Sebi) to launch an initial public offering. The IPO will involve fresh issuance of shares and an offer for sale by promoters. Funds raised will go toward working capital and general corporate purposes.

Bharat Coking Coal Limited's IPO is set to open soon, with a price band of Rs 21 to Rs 23 per share. The lot size is 600 shares, requiring retail investors to invest at least Rs 13,800 for one lot. This marks the first mainboard IPO of 2026 for the Coal India subsidiary.

Imeripotiwa na AI

The RBI has warned banks to refund customers if mis-selling of third-party products is proven. Over the past few years, concerns have arisen about customers being pushed into buying insurance, mutual funds, or other third-party products without full understanding. The RBI has issued draft guidelines for 2026.

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