PhonePe
Finance - Others
upcoming
TBAMin. investment
About PhonePe
Issue size
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IPO type
Mainboard
SectorFinance - Others
IPO type
Regular
About PhonePe
PhonePe, founded in 2015, is a leading fintech firm offering UPI transactions, utility bill payments, and mobile recharges via its app. Acquired by Flipkart in 2016 and later by Walmart, the company is backed by investors like Walmart, Tencent, and Tiger Global. PhonePe has expanded into insurance, financial products, and hyperlocal e-commerce through its Pincode app. As of January 2025, it has over 59 crore users and holds 47.6% of India's UPI market. FY24 revenue grew 74% YoY to ₹5,064 crore, with a reduced net loss of ₹1,996 crore.
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is 'pre-apply' for PhonePe ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will PhonePe shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Where is the PhonePe getting listed?
The shares are proposed to be listed on the BSE and NSE.
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How to apply for IPOs on Upstox
Step 1
Go to www.upstox.com/ipo or open the Upstox mobile app and select the IPO you wish to apply for from the 'Open IPO' section
Step 2
Click on apply, enter the lot size, price and provide your UPI mandate.
Step 3
Approve the UPI mandate on your UPI app and you are all set!
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