Reliance Industries' reported decision to structure the proposed Jio Platforms IPO around a fresh issue of up to 27 crore shares, instead of a predominantly offer-for-sale (OFS), could change how investors view what is expected to be India's biggest-ever public offering.
Most large IPOs in recent years have largely been exit opportunities for existing investors. In such issues, the company itself receives little or no capital, while promoters or early investors monetise part of their holdings.
