Razorpay Files Confidential DRHP With SEBI For Rs 5,700-Crore IPO At $5-6 Billion Valuation
Peak XV-backed payments unicorn Razorpay has filed draft papers with SEBI via the confidential route for a $600 million IPO, split evenly between a $300 million fresh issue and $300 million OFS. The Bengaluru-based fintech is targeting a listing before year-end after reverse-flipping its domicile to India.
Razorpay filed a confidential DRHP with SEBI for a $600 million (Rs 5,700 crore) mainboard IPO, targeting a $5-6 billion valuation and a listing before year-end, after reverse-flipping its domicile to India.