PhonePe IPO
India's leading UPI payments app, targeting a public listing.
Expected: Expected in 2026 (not officially confirmed)
Anticipated IPO. PhonePehas filed for an IPO but the dates, price band and lot size are not yet announced. The details below are from the company’s SEBI filing. This page updates automatically once the IPO is scheduled.
About the PhonePe IPO
PhonePe is one of India’s largest digital-payments platforms, a leader in UPI transaction volume, expanding across payments, insurance, lending and wealth products. The company has publicly signalled intent to list in India, making its IPO one of the most anticipated among the new-age internet businesses.
No draft prospectus dates, price band or issue size have been officially confirmed. This page reflects publicly reported context and updates automatically once the IPO is scheduled.
- Leading UPI payments app by transaction volume
- Expanding into insurance, lending and wealth
- Signalled intent for a domestic India listing
IPO timeline
- DRHP filed with SEBI23 Sept 2025
- SEBI approval (observations)20 Jan 2026
- IPO dates & price bandTo be announced
- Open for subscriptionTo be announced
Frequently asked questions
- When is the PhonePe IPO?
- PhonePe has signalled it intends to list in India, widely reported for 2026, but the date, price band and issue size have not been officially confirmed.
Lead Managers (BRLMs)
- Kotak Mahindra Capital Co.Ltd.
- JM Financial Ltd.
- JP Morgan India Pvt.Ltd.
- Citigroup Global Markets India Pvt.Ltd.
- Morgan Stanley India Co.Pvt.Ltd.
- Goldman Sachs (India) Securities Pvt.Ltd.
- Jefferies India Pvt.Ltd.
- Axis Capital Ltd.
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Sourced from the company’s draft offer document filed with SEBI and publicly reported information. An IPO filing is not a guarantee that the issue will open, or of its timing — companies can amend or withdraw. Nothing here is investment advice.