By Admin 
- Jio Platforms Limited may submit its IPO draft in May.
- IPO plans were delayed due to global uncertainties.
- Reliance Group is bringing the IPO of a big company after two decades.
- 19 domestic and foreign banks as advisors in preparation for IPO.
Jio IPO: The month of May can be special for investors in the Indian stock market. Reliance Industries Limited is preparing to launch its telecom company Jio Platforms Limited in the stock market. According to the information received, Jio can submit initial draft paper for IPO in May. It is expected that this could be the biggest IPO in the country. In such a situation, investors are likely to keep a special eye on the company.
Plan changed due to market conditions
Initially the company was preparing to submit the documents related to IPO by the end of March. The company was preparing to enter the market based on its December quarter figures. However, amid the decline and uncertainty in global stock markets due to the ongoing Iran-US tension, the company decided to delay this decision a bit. The company is working on a plan to approach the regulator again with its financial data.
Preparation to bring a big issue after a long time
Reliance Group is preparing to launch an IPO of a big company after a long gap. Due to which a lot of enthusiasm can be seen among investors. After almost two decades, such an opportunity is coming when a big company of the group will bring a public issue in the market.
There is no movement of any kind before the company’s quarterly results. In such a situation, there is a possibility that there will be no official filing or announcement related to IPO during this period.
Preparations on a large scale for IPO
The company has started preparations long in advance for the possible mega IPO of Jio. A big team has also been formed to handle this. 19 domestic and foreign banks have been included as consultants for this work. These include well-known names like Kotak Mahindra Capital, Morgan Stanley, JM Financial, Goldman Sachs, HSBC Holdings, Bank of America and Citigroup.
At present, no official announcement has been made yet on what will be the size of the IPO and when it will be launched in the market.
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