Reliance Industries shifts Jio Platforms IPO to fresh issue

May 10, 2026

由 AI 报道

Reliance Industries is converting the Jio Platforms initial public offering into a fully fresh issue with no offer for sale. The change follows investor disagreements on pricing and seeks to protect retail investors through market-driven post-listing prices.

Reliance Industries is shifting Jio Platforms' IPO from an offer for sale to a fresh issue due to investor disagreements on pricing. This move prioritizes protecting retail investors by allowing market determination of post-listing prices, with proceeds directly benefiting the company for debt repayment and expansion.

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.

Indian firms pause IPO plans due to market volatility

March 11, 2026 由 AI 报道

Escalating tensions in West Asia and volatility in equity markets are prompting Indian companies to delay their initial public offerings. Firms are opting to wait for more stable conditions rather than proceed with potentially lower valuations. This cautious stance reflects concerns about subdued investor interest in the secondary market.

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Reliance Industries posts record $10 billion annual profit

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Shapoorji Pallonji Group plans lower-priced bond issue

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Sunil Gold India files draft papers for IPO with Sebi

INOX Air Products plans $1 billion IPO in Mumbai

INOX Air Products, a joint venture between US-based Air Products and Chemicals and India's INOX Group, is preparing a $1 billion initial public offering in Mumbai. The company, which produces industrial and medical gases, has appointed Kotak, JPMorgan and Citi as bankers for the offering, sources said.

Paytm shares jump 4% after PhonePe pauses IPO plans

March 15, 2026 由 AI 报道

Paytm shares rose nearly 4% on Monday after rival PhonePe halted its initial public offering plans. PhonePe pointed to geopolitical uncertainty and volatile global markets as reasons for the deferral. The pause reduces near-term competition in India's digital payments sector.

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