PhonePe files draft prospectus for $1.5 billion IPO with Sebi through confidential route

Digital payments major PhonePe filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India late Tuesday night, taking the confidential route.

Responding to ET’s queries, the company confirmed the development and said the filings have happened as per the Sebi (Issue of Capital and Disclosure Requirements) Regulations, 2018.