Jio Platforms is reportedly nearing the final stages for its much-anticipated Initial Public Offering (IPO), with Morgan Stanley and Goldman Sachs being shortlisted as the lead investment bankers for the issue. The potential valuation for India's largest telecom operator is estimated to be in the significant range of $133 billion to $182 billion. This landmark IPO is currently awaiting a crucial government notification regarding revised Securities and Exchange Board of India (SEBI) rules for mega listings. These new regulations, approved by SEBI and awaiting final clearance from the finance ministry, aim to ease the public float requirements for large companies. Specifically, companies with a market capitalization exceeding ₹5 lakh crore will now require a minimum dilution of 2.5% at listing, a reduction from the previous 5%. Furthermore, extended timelines have been provided for companies to meet higher public shareholding thresholds post-listing. The government's approval of these changes is seen as a critical enabler for transactions of this immense scale, clearing the path for Jio Platforms to potentially file its Draft Red Herring Prospectus (DRHP). Strategic investors like Google and Meta are expected to maintain their stakes, while some private equity investors may look to pare their holdings. The Jio Platforms IPO is anticipated to be the largest ever in Indian capital market history, with estimates suggesting it could raise between $4 billion and $4.5 billion. The target for listing remains the first half of 2026, contingent on the swift finalization of these regulatory prerequisites.