Razorpay Wins Sebi Approval for Planned ₹5,000-6,000 Crore IPO
The fintech is targeting a valuation of about $5 billion after filing draft offering papers confidentially in June.
Key takeaways
- Razorpay has received Sebi approval for a proposed ₹5,000-6,000 crore IPO, according to sources.
- The company is targeting a valuation of around $5 billion.
Razorpay has received approval from India’s markets regulator for a proposed IPO of ₹5,000-6,000 crore, sources familiar with the development told Press Trust of India. The fintech is targeting a valuation of around $5 billion, the sources said.
The company submitted draft IPO papers to Sebi through the confidential filing route in June. That process allows companies to seek regulatory review without immediately making sensitive business information public.
Razorpay provides payment acceptance and other financial services to businesses in India. Its offerings include banking, payouts, payroll and lending.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
