The Jio Platforms IPO is facing a possible delay due to the government's slow pace in formalizing changes to listing rules. Reliance Industries, the parent company of Jio Platforms, is waiting for the government to finalize the changes before appointing bankers and filing draft IPO papers.
The company aims to file the draft red-herring prospectus before April, pending the government's notification. Jio, India's largest wireless operator, is expected to be one of the biggest IPOs in the country's history, with a valuation of up to $170 billion.
Investment bankers have proposed a valuation of as much as $170 billion for the company, which would offer investors a rare opportunity to buy into one of the world's biggest growth stories of the past decade.
The delay in listing rule changes is a setback for the Indian market, which has struggled to start 2026 after two consecutive years of record fundraising.
