27 January 2026
UPI payments market leader PhonePe has received market regulator Securities and Exchange Board of India (SEBI) approval for its initial public offering (IPO) on January 20, according to a couple of sources.
The offering is expected to value PhonePe at around $15 billion, and the company is looking to raise around Rs 12,000 crore ( $1.35 billion) through a pure OFS or offer for sale,Moneycontrol exclusively reported.
PhonePe is likely to file the updated DRHP, a public document, over the next few days. Global retail giant Walmart-owned digital payments firm filed draft papers with market regulator SEBI for IPO via the confidential pre-filing route in late September.
Second-largest New Economy IPO
The public listing of the Bengaluru-based payments giant sets the stage for the second-largest new economy listing after rival Paytm’s IPO in late 2021. Noida-based Paytm’s IPO valuation was around $20 billion, with the IPO size of around Rs 18,000 crore.
UPI payments market leader PhonePe has received market regulator Securities and Exchange Board of India (SEBI) approval for its initial public offering (IPO) on January 20, according to a couple of sources.
The offering is expected to value PhonePe at around $15 billion, and the company is looking to raise around Rs 12,000 crore ( $1.35 billion) through a pure OFS or offer for sale,Moneycontrol exclusively reported.
PhonePe is likely to file the updated DRHP, a public document, over the next few days. Global retail giant Walmart-owned digital payments firm filed draft papers with market regulator SEBI for IPO via the confidential pre-filing route in late September.
Second-largest New Economy IPO
The public listing of the Bengaluru-based payments giant sets the stage for the second-largest new economy listing after rival Paytm’s IPO in late 2021. Noida-based Paytm’s IPO valuation was around $20 billion, with the IPO size of around Rs 18,000 crore.
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