Razorpay gets Sebi approval for Rs 6,000 cr IPO in India | India Business News
BENGALURU: Digital payments company Razorpay has received Sebi’s approval for its initial public offering (IPO), which is expected to raise Rs 5,000-6,000 crore, according to a regulatory document released on Friday.TOI had reported on Nov 4 that the Bengaluru-based fintech had secured Sebi’s clearance and was working towards a stock market listing in the Jan-March quarter of 2027.The company is expected to target a valuation of around $5 billion, lower than the $7.5 billion it commanded during its last major private funding round in 2021. The final issue size, valuation and listing date will depend on market conditions and investor demand.Razorpay had submitted its draft IPO papers to Sebi through the confidential filing route in June. This allows companies to seek regulatory clearance without immediately making their financial statements and other sensitive business information public.The regulatory clearance moves Razorpay closer to its stock market debut, although the company is yet to announce the opening date, price band or final structure of the public issue.The company completed the process of shifting its parent entity from the US to India in May 2025, a key step towards its domestic listing.Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay provides payment processing services to businesses and has expanded into business banking, payroll, lending and cross-border payments. Its investors include Peak XV Partners, Tiger Global, Lightspeed Venture Partners and GIC.
Source: timesofindia.indiatimes.com