Changing patterns
For more than ten years, India’s stock launches have mostly involved offers for sale, directing funds to current owners instead of the firm itself. Mint’s review of Prime Database figures reveals these offers exceeded half of all IPO proceeds since 2012, hitting 87 percent in 2020. Jio Platforms may briefly change this pattern. Its draft filings and estimated size point to a mainly fresh 35,000-crore-rupee issue that could drop the OFS share below 50 percent in 2026. Experts regard the move as a one-time result of scale rather than a lasting change in the primary market.
