PhonePe, the Walmart-backed digital payments giant, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The company plans to raise around ₹12,000 crore through an Offer For Sale (OFS), which could make it one of the largest fintech IPOs in India this year.
In an OFS, existing shareholders like Walmart, Microsoft, and Tiger Global are expected to sell part of their stakes, and no fresh capital will be raised directly by PhonePe. The company filed its IPO draft with SEBI confidentially last year and is now expected to file an updated prospectus soon as it targets a listing by April 2026.
PhonePe has emerged as a leader in India’s digital payments ecosystem, commanding over 45% market share in UPI transactions and processing billions of transactions each month. Analysts say this IPO could set an important benchmark for the country’s fast-growing fintech sector.
Walmart backed PhonePe ko SEBI se uske ₹12,000 crore ke IPO ke liye approval mil gaya hai. Ye IPO Offer For Sale (OFS) ke through hoga, jisme existing shareholders apne shares bechenge — company khud naye funds raise nahi karegi.
PhonePe ne pichle saal confidential draft filing ki thi aur ab updated prospectus jaldi file karne ki planning hai, taki ye April 2026 tak stock market me list ho sake.
Digital payments me dominant PhonePe ka market share 45% se zyada hai, aur ye UPI transactions me sabse bada player hai. Experts ke hisaab se ye IPO India ke fintech sector ke liye ek badi milestone sabit ho sakta hai.