New MPS norms may boost upcoming IPOs including Reliance Jio
after close1 source ↓written by the desknot a recommendation
- for companies
- 8%
- market cap between
- ₹50,000 cr
- ₹1 lakh cr
The new minimum public shareholding (MPS) framework could facilitate upcoming IPOs from Reliance Jio, NSE, and Flipkart. The government has reduced the minimum public float to 8% for companies with a market cap between ₹50,000 cr and ₹1 lakh cr. This change aligns Indian regulations with global practices, making the market more attractive for large firms.
Not investment advice. For informational purposes only.