Jio Platforms lines up 19 bankers for IPO, second-highest ever for an Indian issue
Reliance-owned Jio Platforms has mandated 19 book running lead managers for its upcoming IPO — the second-largest syndicate ever assembled for an Indian offering. The unusually wide bench signals a mega-cap listing with sweeping institutional and retail distribution ambitions.
What happened
Jio Platforms has appointed 19 book running lead managers for its upcoming IPO, the second-highest count ever for an Indian issue, signalling the massive
Key facts
- 19 BRLMs
Why this matters
Jio's syndicate scale resets the benchmark for telecom-digital listings, raising the bar on banker bench depth and distribution architecture for any comparable India issuance.