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PhonePe files for IPO to raise up to ₹12,000 cr
Mint Mumbai
|September 25, 2025
US retailer Walmart Inc.-owned Indian payments firm PhonePe has filed draft papers for an initial public offering (IPO) via the confidential pre-filing route, the fintech said in a statement on Wednesday.
"The company has filed the pre-filed draft red herring prospectus (“PDRHP”) with the Securities and Exchange Board of India, BSE, and National Stock Exchange in relation to the IPO of its equity shares, under Chapter IIA of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018," the statement said.
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