Razorpay IPO on the cards? Prepares for Rs 4,500 crore issue – Report

Fintech major Razorpay is reportedly preparing for a Rs 4,500 crore an Initial Public Offer. According to an ET report, Razorpay has invited bids from merchant bankers for the IPO mandate.

According to the ET report, Axis Capital and Kotak Mahindra are among the top contenders for Razorpay’s underwriter role for its IPO. The talks are still in the Initial phase, and the public issue could be launched by the end of the year.