{"id":964303,"date":"2025-09-25T10:37:54","date_gmt":"2025-09-25T05:07:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=964303"},"modified":"2025-09-25T12:01:17","modified_gmt":"2025-09-25T06:31:17","slug":"phonepe-files-draft-papers-for-1-5-billion-ipo","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/09\/25\/phonepe-files-draft-papers-for-1-5-billion-ipo\/","title":{"rendered":"PhonePe files draft papers for $1.5 billion IPO"},"content":{"rendered":"<p>CHENNAI: Walmart-backed digital payments company PhonePe Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), taking the first step toward what could be one of the largest fintech listings in the country. <\/p>\n<p>The company plans to raise about $1.5 billion (Rs12,000 crore) through the IPO, targeting a valuation of nearly $15 billion. The offer is expected to include a mix of fresh issue of shares and an offer for sale by existing investors. Global banks including Kotak Mahindra Capital, JPMorgan, Citigroup and Morgan Stanley have been appointed as lead managers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHENNAI: Walmart-backed digital payments company PhonePe Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), taking the first step toward what could be one of the largest fintech listings in the country. The company plans to raise about $1.5 billion (Rs12,000 crore) through the IPO, targeting a valuation of nearly $15 billion. The offer is expected to include a mix of fresh issue of shares and an offer for sale by existing investors. Global banks including Kotak Mahindra Capital, JPMorgan, Citigroup and Morgan Stanley have been appointed as lead managers.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-964303","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/964303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=964303"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/964303\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=964303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=964303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=964303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}