Jio Platforms lines up 19 bankers for IPO, second-highest syndicate on record

Reliance's digital arm has appointed 19 book running lead managers for its IPO, with Kotak Mahindra Capital as lead coordinator. The board approved issuing up to 27 crore new shares at Rs 10 face value, signalling one of India's largest upcoming listings.

— FiledSat, 20 Jun, 2026, 01:17 IST·First seen Sat, 20 Jun, 2026, 01:13 IST·Source Moneycontrol · News Web

What happened

Jio Platforms has appointed 19 book running lead managers for its IPO, the second-highest tally on record. Kotak Mahindra Capital is lead coordinator. Reliance

Key facts

  • 19 BRLMs
  • 27 crore new shares
  • Rs 10 face value

Why this matters

Jio's syndicate scale and fresh-issue authorization set a new template for large carve-out listings in India, raising the bar on banker selection, governance optics and pre-IPO structuring for any digital-infrastructure asset eyeing public markets.

Also reported by