{"id":447804,"date":"2026-05-11T16:03:28","date_gmt":"2026-05-11T10:33:28","guid":{"rendered":"https:\/\/zerodha.com\/z-connect\/?p=447804"},"modified":"2026-05-11T16:03:43","modified_gmt":"2026-05-11T10:33:43","slug":"reliance-recasts-jio-ipo-as-pure-fresh-issue-drops-ofs-plan","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/news\/reliance-recasts-jio-ipo-as-pure-fresh-issue-drops-ofs-plan","title":{"rendered":"Reliance Recasts Jio IPO as Pure Fresh Issue, Drops OFS Plan"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Reliance Industries is restructuring the proposed IPO of Jio Platforms into a fully fresh issue, dropping the earlier offer-for-sale (OFS) component after disagreements with existing investors over valuation, according to reports by Economic Times, Reuters and Bloomberg.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Under the revised structure, all proceeds from the IPO will go directly to Jio Platforms as fresh capital, instead of allowing current shareholders to sell their stakes. The move marks a strategic shift from earlier plans that reportedly envisioned a largely OFS-driven public issue.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The IPO, expected to be among India\u2019s largest ever, is part of Mukesh Ambani-led Reliance Industries\u2019 broader plan to unlock value in its telecom and digital business. Jio Platforms owns Reliance Jio, India\u2019s largest telecom operator with nearly 500 million subscribers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reports earlier suggested the company was targeting a valuation of up to $170 billion and was preparing to file draft IPO papers in 2026, though timelines have been impacted by delays in regulatory changes related to listing norms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reliance had previously appointed multiple investment banks for the offering, while Ambani had indicated that Jio\u2019s listing could take place in the first half of 2026, subject to approvals and market conditions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries is restructuring the proposed IPO of Jio Platforms into a fully fresh issue, dropping the earlier offer-for-sale (OFS) component after disagreements with existing investors over valuation, according to reports by Economic Times, Reuters and Bloomberg. Under the revised structure, all proceeds from the IPO will go directly to Jio Platforms as fresh capital, [&hellip;]<\/p>\n","protected":false},"author":176551,"featured_media":415594,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1152],"tags":[276,97],"class_list":["post-447804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news","tag-zerodha-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reliance Recasts Jio IPO as Pure Fresh Issue, Drops OFS Plan &#8211; Z-Connect by Zerodha<\/title>\n<meta name=\"description\" content=\"Reliance Industries is restructuring the proposed IPO of Jio Platforms into a fully fresh issue, dropping the earlier offer-for-sale (OFS) component after\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zerodha.com\/z-connect\/news\/reliance-recasts-jio-ipo-as-pure-fresh-issue-drops-ofs-plan\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance Recasts Jio IPO as Pure Fresh Issue, Drops OFS Plan\" \/>\n<meta property=\"og:description\" content=\"Reliance Industries is restructuring the proposed IPO of Jio Platforms into a fully fresh issue, dropping the earlier offer-for-sale (OFS) component after\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zerodha.com\/z-connect\/news\/reliance-recasts-jio-ipo-as-pure-fresh-issue-drops-ofs-plan\" \/>\n<meta property=\"og:site_name\" content=\"Z-Connect by Zerodha\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/zerodha.social\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/zerodha.social\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-11T10:33:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-11T10:33:43+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2025\/05\/ipo-news-cover-image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Team Zerodha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:site\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Zerodha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/news\/reliance-recasts-jio-ipo-as-pure-fresh-issue-drops-ofs-plan\",\"url\":\"https:\/\/zerodha.com\/z-connect\/news\/reliance-recasts-jio-ipo-as-pure-fresh-issue-drops-ofs-plan\",\"name\":\"Reliance Recasts Jio IPO as Pure Fresh Issue, Drops OFS Plan &#8211; 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