{"id":1300683,"date":"2025-09-25T14:01:26","date_gmt":"2025-09-25T08:31:26","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1300683"},"modified":"2025-09-25T14:02:08","modified_gmt":"2025-09-25T08:32:08","slug":"walmart-owned-phonepe-files-for-rs-12000-crore-ipo","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/walmart-owned-phonepe-files-for-rs-12000-crore-ipo\/","title":{"rendered":"Walmart-Owned PhonePe Files For Rs 12,000 Crore IPO"},"content":{"rendered":"\n

Walmart-owned digital payments giant PhonePe<\/strong> has officially taken the first step toward going public by filing its pre-filed draft red herring prospectus (PDRHP)<\/strong> with the Securities and Exchange Board of India (SEBI)<\/strong>, along with the BSE and NSE<\/strong>. The filing, done through the confidential pre-filing route, marks a significant milestone in the fintech\u2019s journey from a startup to one of India\u2019s most valuable digital finance companies.<\/p>\n\n\n\n

\"Walmart-Owned<\/figure>\n\n\n\n

According to sources, PhonePe is expected to raise around \u20b911,000\u201312,000 crore<\/strong> in its initial public offering (IPO), primarily through an offer for sale (OFS)<\/strong> by existing shareholders. A smaller portion of the issue will be a fresh equity offering. However, the company clarified that the PDRHP filing does not guarantee the IPO will proceed.<\/p>\n\n\n\n

Restructuring and IPO Preparations<\/h3>\n\n\n\n

PhonePe has been laying the groundwork for a public listing for several months. It appointed JP Morgan, Citi India, Morgan Stanley, and Kotak Mahindra Capital<\/strong> as merchant bankers earlier this year. In April, the company transitioned from a private entity to a public company, a key requirement for listing.<\/p>\n\n\n\n

In 2022, PhonePe made a strategic move by shifting its domicile from Singapore to India<\/strong>, becoming the first major Indian fintech to do so \u2014 a process that involved paying nearly \u20b98,000 crore<\/strong> in taxes to the Indian government.<\/p>\n\n\n\n

Strong Financial Performance in FY25<\/h3>\n\n\n\n

The company\u2019s financials underline its readiness for the public markets. In FY2024-25, PhonePe\u2019s revenue from operations grew 41%<\/strong> year-on-year to \u20b97,148.6 crore, up from \u20b95,064.1 crore the previous year. More importantly, its net loss narrowed<\/strong> to \u20b91,727.4 crore from \u20b91,996.2 crore, signaling a clear path toward profitability.<\/p>\n\n\n\n

Diversified Business Beyond Payments<\/h3>\n\n\n\n

Founded in 2015 by Sameer Nigam, Rahul Chari, and Burzin Engineer<\/strong>, PhonePe has grown beyond its UPI payments origins. It now offers insurance, lending, and wealth management<\/strong> services and has launched platforms like Pincode<\/strong> (a hyperlocal commerce app) and Indus Appstore<\/strong> (an Indian alternative to Google Play).<\/p>\n\n\n\n

With a valuation of $12 billion<\/strong> in its last funding round and nearly $1 billion<\/strong> raised from investors like General Atlantic<\/strong> and Tiger Global<\/strong>, PhonePe\u2019s IPO will be one of the most closely watched listings in India\u2019s fintech sector.<\/p>\n\n\n\n

Image Source<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Walmart-owned digital payments giant PhonePe has officially taken the first step toward going public by filing its pre-filed draft red herring prospectus (PDRHP) with the Securities and Exchange Board of India (SEBI), along with the BSE and NSE. The filing, done through the confidential pre-filing route, marks a significant milestone in the fintech\u2019s journey from […]<\/p>\n","protected":false},"author":30,"featured_media":1300691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1081,359],"class_list":["post-1300683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ipo","tag-phonepe"],"acf":[],"yoast_head":"\nWalmart-Owned PhonePe Files For Rs 12,000 Crore IPO - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/walmart-owned-phonepe-files-for-rs-12000-crore-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walmart-Owned PhonePe Files For Rs 12,000 Crore IPO - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Walmart-owned digital payments giant PhonePe has officially taken the first step toward going public by filing its pre-filed draft red herring prospectus (PDRHP) with the Securities and Exchange Board of India (SEBI), along with the BSE and NSE. 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