₹5,000–6,000 crore IPO: Razorpay files confidential papers with Sebi
Razorpay has submitted a pre-filed draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) and stock exchanges under the confidential filing route for its planned IPO.
The company has not officially disclosed the issue size, but people familiar with the matter estimate the offering could be between ₹5,000 crore and ₹6,000 crore.
What the company said
In a public notice, Razorpay confirmed it has filed the draft documents for a proposed equity share offering on the mainboard of Indian stock exchanges.
However, key details such as valuation, timing, and final issue size remain subject to regulatory approval and market conditions.
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About Razorpay
Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay is one of India’s leading fintech platforms.
It offers payment acceptance, payouts, banking services, payroll, lending and cash flow management tools for businesses ranging from startups to large enterprises.
The company became a unicorn in 2020 and has since expanded into a broader financial services ecosystem for merchants across India.
Investors and growth
Razorpay is backed by major global investors including Peak XV Partners, GIC, Tiger Global, Ribbit Capital, Lone Pine Capital, Alkeon Capital and TCV.
Its integrated platform allows businesses to manage payments, salaries, and access credit through a single system, strengthening its position in India’s digital finance sector.
The confidential IPO filing comes at a time when several fintech companies are reassessing listing plans due to global market volatility.
Rival firm PhonePe has reportedly paused its IPO plans amid uncertain market conditions and geopolitical tensions.
What is a confidential filing?
The confidential route allows companies to submit IPO documents to Sebi for review without immediately making sensitive financial and business details public, offering greater flexibility in timing and disclosure.