The biggest news in IPO market so far! PhonePe is bringing ₹ 12,000 crore IPO

Digital payment world veteran company PhonePe Now preparing to step into the stock market. It is reported that the company has submitted initial documents for its Mega Initious Public Offering (IPO) to the Securities and Exchange Board of India (SEBI). This IPO can be one of the largest IPos in the history of the Indian market.

What is the company’s plan?

According to sources, PhonePe is almost through this IPO ₹ 12,000 Crore Planning to raise. This money is not by issuing new shares, but Offer for sale (ofs) Will be collected through This means that the company’s current investors (shareholders) will sell their stake in this IPO.

Why did the papers submit through the ‘Confidential’ path?

Interestingly, Phonepe has used a special ‘Confidential Pre-Filing’ route for IPO. This is a new option given by SEBI, in which the company does not need to make its sensitive business information public immediately. This helps the company to deal with market uncertainties and keep its IPO plan confidential.

Largest Fintech IPO after Paytm

This step of PhonePe is a large milestone for this company owned by Walmart. It will be the largest IPO of a fintech company in the Indian market after the 2021 Paytm IPO. Phonpe, which is directly compete with companies like Google Pay, Paytm and Amazon Pay, holds a large part in the UPI payment market of India.

Although the company has not yet disclosed its valuation, market experts believe it can prove to be a blockbuster iPO. Now everyone’s eyes are on SEBI approval and the launching date of IPO.