India, May 11 -- Reliance Industries Ltd's (RIL) digital arm Jio Platforms is reportedly revamping the contours of its IPO, with the public issue now likely to comprise only a fresh issue as against the earlier plans of just offer for sale.

The reason for the change is conflict of opinions among existing investors over IPO price, ET reported, citing sources.

"There is an inherent conflict of interest which is unique to Jio. Shareholders want to price the issue as high as possible. But that creates two risks. First, the issue could become too large for markets to absorb," a source was quoted as saying.

While shareholders want to sell their shares at a higher price band, RIL finds it a risk that could probably hurt retail investors in ca...