return to news
  1. PhonePe IPO receives SEBI clearance; company to file updated DRHP soon

Market News

PhonePe IPO receives SEBI clearance; company to file updated DRHP soon

PTI.jpg

2 min read | Updated on January 20, 2026, 14:37 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

PhonePe IPO: The proposed initial share sale will be an offer for sale by existing shareholders. The company will not be raising any additional primary capital in the IPO, PTI reported, citing sources.

PhonePe leads India's digital payments market with over 45% market share in UPI transactions. | Image: Shutterstock

PhonePe leads India's digital payments market with over 45% market share in UPI transactions. | Image: Shutterstock

PhonePe IPO: PhonePe has received SEBI approval for its IPO, and the company will be filing its Updated Draft Red Herring Prospectus (UDRHP) soon, setting the stage for India's most anticipated fintech IPO in the near horizon, as per sources familiar with the development.

Open FREE Demat Account within minutes!
Join now

The IPO will be an Offer For Sale by existing shareholders.

The company will not be raising any additional primary capital in the IPO, said the sources.

PhonePe leads India's digital payments market with over 45% market share in UPI transactions.

In December 2025, the company processed 9.8 billion transactions, according to NPCI data.

The company had posted ₹7,115 crore in revenue for FY24-25, marking a 40% year-on-year increase. The company also turned free cash flow positive with operating cash flow of ₹1,202 crore.

Its adjusted PAT (excluding ESOP costs) more than tripled to ₹630 crore.

PhonePe's public listing will set a crucial benchmark for India's digital payments sector and could pave the way for other fintech unicorns eyeing public markets.

To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.

To add Upstox News as your preferred source on Google, click here.
SIP
Consistency beats timing.
promotion image

About The Author

PTI.jpg
Press Trust of India (PTI) is India's premier news agency.

Next Story