New Delhi, June 17 -- Reliance Jio Infocomm is reportedly on the verge of filing draft papers for its highly anticipated $4 billion initial public offering (IPO), according to a Financial Times report citing people familiar with the matter. The filing could be made just ahead of Reliance Industries Chairman Mukesh Ambani's annual address at the company's annual general meeting (AGM) scheduled for Friday, 19 June.

If launched as planned, the IPO would rank among the largest public offerings ever in India. At an estimated $4 billion, the issue would surpass Hyundai Motor India's $3.3 billion IPO and potentially become the country's biggest stock market listing to date.

The proposed offering comes at a crucial juncture for India's primary ...