PhonePe files updated IPO papers to raise $1.5 billion at $15-billion valuation
PhonePe Ltd. has updated its draft papers for what’s set to India’s biggest initial public since at least October 2025, but a clear timeline for listing wasn’t immediately available.
On offer in the PhonePe IPO are 5.07 crore shares, which will be offloaded by existing shareholders including Walmart Inc. and Tiger Global Management, according to the updated draft red-herring prospectus seen by Bloomberg.
