Mukesh Ambani’s Reliance Industries Restricted (RIL) is shifting nearer to the long-awaited public itemizing of Jio Platforms, because the conglomerate waits for a closing authorities notification on revised IPO norms earlier than submitting its draft purple herring prospectus (DRHP).

The regulatory adjustments are seen as crucial for a transaction of this scale and complexity.

The proposed Jio Platforms IPO is anticipated to be the biggest ever in Indian capital markets, with estimates suggesting it may elevate $4–4.5 billion, or roughly Rs 33,000-37,000 crore.

Funding banks have valued Jio Platforms at round $180 billion, almost Rs 15 lakh crore. At that valuation, promoting simply 2.5% of the corporate, the minimal threshold below the SEBI revised framework for firms valued above Rs 5 lakh crore, may elevate about $4.5 billion, in accordance with Jefferies estimates from November 2025.

The federal government has already authorised a discount within the minimal IPO float for big firms to 2.5% from the sooner 5%, a transfer geared toward serving to markets take in jumbo choices. SEBI chair Tuhin Kanta Pandey confirmed the change final week. Nevertheless, the measure is but to be formally notified by the finance ministry, a step that Reliance is awaiting earlier than shifting forward with the DRHP submitting.

SEBI has additionally relaxed minimal public shareholding norms. Corporations that checklist with lower than 15% public float will now have 5 years to achieve that stage and 10 years to scale as much as 25%, in contrast with the sooner timelines of two years and 5 years, respectively. These adjustments are anticipated to ease issues round provide overhang after the itemizing.

Talking throughout Reliance’s post-earnings convention name, Anshuman Thakur, head of technique at Reliance Jio Infocomm, stated preparatory work for the IPO is already below means, however execution will start solely after regulatory readability.

“We’re engaged on the idea that it’s in step with no matter Sebi has really useful, however we are going to nonetheless have to attend for that earlier than we finalise after which begin the method,” Thakur stated, including that the itemizing is imminent and will happen within the subsequent few months.

Mukesh Ambani has beforehand guided that Jio Platforms could possibly be listed within the first half of 2026. Jio Platforms is the father or mother of Reliance Jio, India’s largest telecom operator, with over 500 million subscribers. Analysts anticipate the IPO to be largely an offer-for-sale by monetary traders, whereas strategic shareholders as Reliance, Meta, and Google are more likely to proceed holding their stakes.