New MPS norms to boost upcoming IPOs including Reliance Jio
pre-market1 source ↓written by the desknot a recommendation
- for companies
- 8%
- market cap between
- ₹50,000 cr
- ₹1 lakh cr
The Central government has relaxed minimum public shareholding (MPS) rules, facilitating easier IPO listings for large firms. Upcoming IPOs like Reliance Jio, NSE, and Flipkart may benefit significantly as the new framework reduces the required public float to 8% for companies with a market cap between ₹50,000 cr and ₹1 lakh cr. This change aims to attract high valuation companies to the Indian market.
Not investment advice. For informational purposes only.