Razorpay to file confidential DRHP within a week for Rs 5,700-cr IPO at $5-6B valuation
Bengaluru-based payments major Razorpay is set to file a confidential DRHP within a week for a $600M IPO, split evenly between fresh issue and OFS. The Peak XV, GIC and Tiger Global-backed firm targets a $5-6B valuation and CY2025 listing, post its reverse-flip to India. Axis, Citi, Goldman, JPM and Mahindra Capital are bankers.
Razorpay to file confidential DRHP within a week for $600M IPO (Rs 5,700 cr), targeting $5-6B valuation and listing by year-end. Issue includes $300M fresh and $300M OFS, post reverse-flip to India.