Razorpay Files Confidential DRHP With SEBI, Eyes ₹6,000 Cr IPO at ₹60,000 Cr Valuation
Bengaluru-based payments major Razorpay has confidentially submitted draft papers to SEBI for a ₹5,000-6,000 crore issue, targeting a ₹50,000-60,000 crore valuation. The filing follows its 2025 US-to-India reverse flip and comes as rival PhonePe pauses its own listing plans.
Razorpay confidentially filed draft IPO papers with SEBI, targeting a ₹5,000-6,000 crore issue at a ₹50,000-60,000 crore valuation. The fintech completed its US-to-India reverse flip in 2025. Rival PhonePe has paused its listing plans.