Reliance Industries Ltd., led by Mukesh Ambani, is preparing to file for the initial public offering (IPO) of Jio Platforms Ltd. in May, after postponing its original timeline from March. The delay was attributed to a market downturn influenced by the ongoing war in Iran. This IPO is anticipated to be India's largest-ever and marks the first public offering from a major Reliance unit in nearly two decades. Currently, Reliance is in a silent period before its earnings release next week, making an immediate filing unlikely. The updated financial results for the fiscal year ending March 31 will provide a clearer picture of Jio's performance, including subscriber growth and average revenue per user, which could enhance investor interest. To manage the IPO, Reliance has appointed 19 banks, including Kotak Mahindra Capital Co., Morgan Stanley, and Goldman Sachs. The specifics of the IPO's structure and timing are still being finalized.