Jio Platforms Plans IPO with Morgan Stanley, Goldman Sachs Awaiting Regulatory Approval

Jio Platforms, the digital unit of Reliance Industries, is preparing for a major IPO expected in the first half of 2026, pending government approval of revised listing norms allowing a 2.5% public float for large companies. Morgan Stanley and Goldman Sachs have been appointed as lead bankers. The IPO is likely to involve an even split between new shares and secondary sales by private equity investors, while strategic shareholders Google and Meta are expected to retain their stakes. Relaxed SEBI norms provide extended timelines for increasing public shareholding post-listing.