Ambani’s Jio Mega IPO Is Said to Set Bank Fees in Line With NSE

Reliance Industries has set investment banking advisory fees for Jio’s upcoming IPO at roughly 0.65% of the issue size, aligning with recent market benchmarks. The fee structure mirrors that of the National Stock Exchange of India’s IPO, suggesting a competitive pricing strategy for large-scale public offerings. Sources familiar with the matter confirm the decision, though neither Reliance nor Jio has publicly disclosed the terms. The move signals cost discipline amid India’s booming IPO market, where high-profile listings often command premium advisory fees. Analysts view this as a potential benchmark for future mega-IPOs, reinforcing transparency in fee negotiations.