4 months ago
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PhonePe has received SEBI support for its IPO, and the institution volition beryllium filing its Updated Draft Red Herring Prospectus (UDRHP) soon, mounting the signifier for India's astir anticipated fintech IPO successful the adjacent horizon, arsenic per sources acquainted with the development.
The IPO volition beryllium an Offer For Sale by existing shareholders.
The institution volition not beryllium raising immoderate further superior superior successful the IPO, said the sources.
PhonePe leads India's integer payments marketplace with implicit 45% marketplace stock successful UPI transactions.
In December 2025, the institution processed 9.8 cardinal transactions, according to NPCI data.
The institution had posted ₹7,115 crore successful gross for FY24-25, marking a 40% year-on-year increase. The institution besides turned escaped currency travel affirmative with an operating currency travel of ₹1,202 crore. Its adjusted PAT (excluding ESOP costs) much than tripled to ₹630 crore.
PhonePe's nationalist listing volition acceptable a important benchmark for India's integer payments assemblage and could pave the mode for different fintech unicorns eyeing nationalist markets.
