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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India's Razorpay confidentially files papers for $600 million IPO ...
Razorpay begins IPO process; files confidential DRHP to raise Rs 5,000-6,000 crore
Fintech major Razorpay has officially commenced its IPO journey by filing its draft red herring prospectus with SEBI, aiming to raise Rs 5,000-6,000 crore. This move follows shareholder approval for a fresh issue and an offer-for-sale component, marking a significant step after its reverse flip to India.
Razorpay Files Confidentially for IPO as India’s Fintech Sector Reopens
Why Does Razorpay’s IPO Filing Matter? Indian fintech company Razorpay has confidentially filed draft papers for an initial public offering that could raise around $600 million, placing one of the country’s largest payments firms on track for a possible stock market debut by the end of 2026. The Bengaluru-based company has appointed Axis Capital, JPMorgan, Citi and Kotak Mahindra Capital as advisers for the planned offering, according to a sourc…

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