After a string of mega listings that left investors underwhelmed, Reliance Industries may be preparing a different playbook for the public debut of Jio Platforms, one that analysts say could reshape how India's biggest IPOs are priced and perceived. According to an earlier ET report, Reliance is reworking Jio Platforms' proposed listing structure from an offer for sale (OFS) to a fully fresh issue, after differences emerged with existing investors over pricing and valuation expectations.
The change, if implemented, would mark a sharp departure from several recent marquee public offerings, where existing shareholders largely used IPOs as an exit or partial monetisation route. India's two biggest consumer-facing listings in recent memory -- Hyundai Motor India and LG Electronics India -- were largely structured around shareholder exits.
