Archive · 20 Jan 2026
PhonePe Receives SEBI Approval for IPO
PhonePe, a big company in India that helps people pay for things using their phones, has got permission from a special government group called SEBI to sell some of its shares to the public.
This is called an IPO.
PhonePe is really popular and does a lot of transactions, like helping people pay for things online.
The company is doing well and made a lot of money last year.
When PhonePe sells its shares, it will help other similar companies in India to do the same in the future.
PhonePe's IPO is expected to be big because many investors are interested in buying shares of successful Indian companies right now.
The company has over 600 million users and serves nearly 50 million merchants.
PhonePe's losses have been decreasing, which is a good sign for investors.
PhonePe has received SEBI approval for its IPO and will file its Updated Draft Red Herring Prospectus (UDRHP) soon.
The IPO will be an Offer For Sale by existing shareholders, including Walmart, Microsoft, and Tiger Global.
PhonePe leads India's digital payments market with over 45% market share in UPI transactions, processing 9.8 billion transactions in December 2025.
PhonePe reported Rs 7,115 crore in revenue for FY24-25, with an operating cash flow of Rs 1,202 crore and an adjusted PAT of Rs 630 crore.
The company's losses narrowed to Rs 17.2 billion in the year ended March 2025, down from Rs 19.96 billion the previous year.
- Who
- PhonePe, a Walmart-backed Indian payments firm
- What
- Received SEBI approval for its IPO
- When
- Updated Draft Red Herring Prospectus (UDRHP) to be filed soon
- Where
- India
- Why
- To capitalize on buoyant market conditions and strong investor appetite
Investor Perspective
Company Perspective
IPO Timing
Investor Perspective
Investors see the current buoyant market conditions as favorable for high-profile listings like PhonePe.
Company Perspective
PhonePe aims to leverage the strong investor appetite to successfully debut in the market.
- Company
- PhonePe
- Approval Received
- SEBI approval for IPO
- IPO Type
- Offer For Sale by existing shareholders
- Market Share
- Over 45% in UPI transactions
- Transactions Processed (December 2025)
- 9.8 billion
- Revenue (FY24-25)
- Rs 7,115 crore
- Operating Cash Flow (FY24-25)
- Rs 1,202 crore
- Adjusted PAT (FY24-25)
- Rs 630 crore
- Losses (Year ended March 2025)
- Rs 17.2 billion
- Registered Users
- Over 600 million
- Merchants Served
- Nearly 50 million
- Major Shareholders
- Walmart, Microsoft, Tiger Global
Sources
India's Largest Fintech IPO Looms: PhonePe Secures SEBI Approval, Files UDRHP Soon As Offer For Sale
PhonePe Gets SEBI nod for IPO; company to file updated DRHP soon
Walmart-backed payments giant PhonePe receives Sebi nod for IPO: Report
PhonePe gets Sebi approval for IPO after confidential filing: Report
Walmart-backed PhonePe clears SEBI hurdle for India IPO: Report
Walmart-Backed PhonePe Gets SEBI Approval For IPO
Walmart-Backed PhonePe Gets SEBI's Approval For IPO, Says Report; All You Need To Know
PhonePe gets SEBI nod for IPO; targets ₹10,000-crore OFS
PhonePe gets SEBI nod for IPO; targets ₹10,000-crore OFS
Walmart Backed Phonepe Gets SEBI Nod For IPO
