SEBI Changes Must Be Completed for Jio IPO

Reliance Industries’ digital services arm, Jio Platforms Limited, may not launch its public issue within the initially planned timeline due to delays in implementing amendments to stock exchange listing norms. The company had earlier targeted the first half of 2026 for its stock market debut. Reliance Industries Chairman Mukesh Ambani announced the plan last August, raising expectations that Jio would soon enter the public markets.

In September, the Securities and Exchange Board of India (SEBI) proposed a rule change allowing companies with a post-IPO market valuation exceeding ₹5 lakh crore to sell only 2.5 percent of their stake in an IPO, compared with the earlier requirement of at least 5 percent. However, the amendment is still awaiting final approval from the government and official notification in the Gazette. Experts say the Jio IPO is likely to move forward only after these regulatory changes come into effect. Valued at around $170 billion (approximately ₹15.5 lakh crore), Jio’s public issue could become one of the largest IPOs in India, potentially raising about $4.3 billion by selling a 2.5 percent stake.