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Razorpay Files Confidential Draft Papers with Sebi for Proposed Rs 5,000-6,000 Cr IPO

The Bengaluru-based fintech, backed by Y Combinator, Lightspeed and GIC, is targeting a stock market debut by the end of 2026.

  • On Monday, June 15, 2026, Indian fintech Razorpay confidentially submitted draft IPO papers to Sebi, with sources expecting the offering to raise around $600 million.
  • The confidential filing route allows the Bengaluru-based firm to keep details private until launch, targeting a stock market debut by the end of 2026.
  • Bankers including Axis Capital, JPMorgan, Citi, and Kotak Mahindra Capital are advising the deal, backed by investors such as Y Combinator, Lightspeed, and GIC.
  • Razorpay competes with Paytm and Walmart-backed PhonePe in India's digital payments ecosystem, though PhonePe paused its IPO plans amid market volatility.
  • India's market saw 367 listings raising $21.8 billion in 2025, though uncertainty persists this year due to geopolitical tensions in West Asia.
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ReutersReuters
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India's Razorpay confidentially files papers for $600 million IPO ...

·New York, United States
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Moneycontrol broke the news in India on Sunday, June 14, 2026.
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