Phonepe gets Sebi nod for Rs 12,000-crore OFS making it 2nd largest tech IPO
MUMBAI: Instant payments market leader Phonepe, owned by the US retail giant Walmart, has received the Securities and Exchange Board approval for its initial public offering, which is likely to be the second largest primary share sale by a newage tech company with an offer for sale alone adding up Rs 12,000 crore on a valuation of around $15 billion.
The digital payments major filed draft papers for the IPO with the Sebi via the confidential pre-filing route in late September 2025 and is likely to file the updated DRHP over the next few days, a source in the know of the development told TNIE Tuesday.
