Reliance Industries Ltd. is preparing to file the draft paperwork for the initial public offering (IPO) of Jio Platforms Ltd. in May, after postponing the submission from March. The delay is attributed to a downturn in market conditions caused by the ongoing war in Iran. This IPO is anticipated to be the largest in India's history and marks the first public offering by a major Reliance unit in nearly two decades. Currently, Reliance is in a silent period ahead of its earnings report, which is due next week. This report will provide updated figures on Jio’s performance, including subscriber growth and average revenue per user, which are critical for attracting investors. In preparation for the IPO, Reliance has appointed 19 banks, including Kotak Mahindra Capital Co., Morgan Stanley, and Goldman Sachs, to manage the process. While the structure and timing of the IPO are still under discussion, the upcoming earnings report is expected to play a significant role in shaping investor interest.