Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
PhonePe files for ₹12K-cr IPO
Financial Express Mumbai
|September 25, 2025
WALMART-OWNED PHONEPE on Wednesday said it has confidentially pre-filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), joining a string of startups that have filed papers to go public this year.
According to sources, the company could be looking to raise around ₹12,000 crore through the offer for sale (OFS) route.
Startups, including Meesho, Pine Labs, Groww, PhysicsWallah, Wakefit, Curefoods, Shiprocket and Shadowfax have already filed their IPO papers, with several of these filings made confidentially.
Recent listings included managed office space provider IndiQube and home services platform Urban Company, which saw its IPO subscribed as much as 109 times.
PhonePe has been enjoying the leading position among the Unified Payments Interface (UPI) players.
This story is from the September 25, 2025 edition of Financial Express Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Mumbai
Financial Express Mumbai
Amit Shah to be Chief Guest at FE Best Banks Awards today
HOME MINISTER TO ADDRESS BUSINESS LEADERS, BANKERS
2 mins
September 25, 2025
Financial Express Mumbai
Making GST 2.0 work for states, citizens
If the rate reduction fails to translate into declining prices, neither the demand base nor the GDP growth would result in any desired outcomes
4 mins
September 25, 2025
Financial Express Mumbai
PhonePe files for ₹12K-cr IPO
WALMART-OWNED PHONEPE on Wednesday said it has confidentially pre-filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), joining a string of startups that have filed papers to go public this year.
1 mins
September 25, 2025
Financial Express Mumbai
Kharif output under threat as excess rains hit standing crops
Harvesting, rabi sowing delayed in many places
2 mins
September 25, 2025
Financial Express Mumbai
Great American dream turns sour
Indian students forced to rethink plans after Trump's visa crackdown
2 mins
September 25, 2025
Financial Express Mumbai
Sebi brass may have to make assets public
PANEL PROPOSES CHANGES TO BOOST TRANSPARENCY
2 mins
September 25, 2025
Financial Express Mumbai
‘Indians’ appetite for study abroad is absolutely intact’
Traditional study abroad destinations such as the US, the UK and Canada appear increasingly unwelcoming to foreign students, yet Indians’ desire for studying abroad remains strong, says Akshay Chaturvedi, founder of study abroad platform Leverage Edu. Ina conversation with Anees Hussain, he explains how diversifying source and destination markets has helped the company navigate the policy uncertainties and why student demand for international education remains robust. Excerpts:
2 mins
September 25, 2025
Financial Express Mumbai
L&T, BEL tie up for IAF project
Wednesday said it has formed a strategic partnership with Bharat Electronics (BEL) to support advanced medium combat aircraft (AMCA) programme of the Indian Air Force.The consortium will submit a response to the government’s Expression of Interest notice in the coming weeks.
1 min
September 25, 2025
Financial Express Mumbai
By 2030,ONGC aims to acquire 2.5-3 GW green energy assets
STATE-RUN OIL AND Natural Gas Corporation (ONGC) aims to acquire 2.5 GW to 3 GW of solar and wind projects by 2030, executive director Satyan Kumar said on Wednesday.
1 mins
September 25, 2025
Financial Express Mumbai
GST 2.0: Credit card spends up fivefold in 3 days
CONSUMER SPENDING THROUGH credit cards saw a big jump in the first three days of implementation of GST 2.0, industry players told FE.
2 mins
September 25, 2025
Listen
Translate
Change font size