PhonePe IPO gets SEBI nod; updated DRHP filing to follow soonPhonePe IPO gets SEBI nod; updated DRHP filing to follow soon

Introduction

PhonePe IPO: PhonePe receives SEBI approval for its IPO, filing updated DRHP soon. The company leads UPI payments with 45% market share and ₹7,115 crore FY25 revenue.

PhonePe IPO Gets SEBI Approval

PhonePe IPO: PhonePe has received SEBI approval for its initial public offering. The company will soon file its Updated Draft Red Herring Prospectus (UDRHP) to move forward with the IPO process.

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The proposed IPO will be an Offer For Sale by existing shareholders. PhonePe will not raise any additional primary capital through this public listing, according to sources familiar with the development.

PhonePe is a leading digital payments company in India, holding over 45% market share in UPI transactions. The platform processed 9.8 billion transactions in December 2025, as per NPCI data.

For FY24-25, PhonePe reported revenue of ₹7,115 crore, marking a 40% year-on-year growth. The company also generated positive free cash flow, with operating cash flow of ₹1,202 crore.

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Adjusted profit after tax, excluding ESOP costs, more than tripled to ₹630 crore. This demonstrates strong financial performance and efficient operations ahead of the company’s public listing.

The PhonePe IPO is expected to set a benchmark for India’s digital payments sector. It may also encourage other fintech unicorns to consider public market listings in the future.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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