PhonePe Limited IPO
PhonePe Limited IPO
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PhonePe Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of 5,06,60,446 Shares. The offering comprises a fresh issue component of TBD.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE, BSE exchange.
PhonePe Limited IPO About Company
PhonePe is a technology company focused on building digital platforms for mass adoption, offering a wide ecosystem across payments, digital distribution, and financial services to enable seamless access to goods and services across India. Its ecosystem operates through three main platforms: the PhonePe Platform for consumer and merchant payments, lending, and insurance distribution; Share.Market, a digital investing platform offering equity trading, ETFs, mutual funds, derivatives, and pre-built WealthBaskets; and Indus Appstore, an Android app marketplace for discovering, downloading, and updating apps and games. As of March 31, 2025, PhonePe had 618.4 million registered users, covering 43% of India’s population, and 44.87 million registered merchants, representing around 77–80% of India’s trade and services merchant base. The company focuses on driving inclusive digital adoption across Tier-1, Tier-2, and Tier-3+ cities through cutting-edge technology, a trusted brand, a highly experienced leadership team, and a scalable, diversified operating model that combines growth and financial performance.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
PhonePe Limited IPO Strength Factors
- Massive User Base: PhonePe has millions of users across India, making it one of the largest digital payment networks.
- Wide Merchant Reach: Works with millions of merchants, covering most of India’s trade and service providers.
- Multiple Platforms: Operates payments, digital investing, and app marketplace platforms.
- Market Leadership: A leading player in digital payments and high-frequency transactions.
- Strong Technology: Uses advanced technology for secure, fast, and scalable operations.
- Experienced Management: Leadership focuses on long-term growth, governance, and organizational culture.
- Trusted Brand: Recognized across urban and semi-urban India, boosting user loyalty.
PhonePe Limited IPO Risk Factors
- High Competition: Competes with other payment apps, banks, and fintech services.
- Regulatory Risks: Changes in rules or compliance requirements can affect operations.
- Profitability Challenges: Expanding platforms and services require significant investments.
- Dependence on Digital Infrastructure: Needs reliable internet and smartphones, which can limit reach in some areas.
- Security & Fraud Risks: High-volume transactions make it susceptible to cyber threats and fraud.
- Lower Adoption in Some Regions: Rural and Tier-3+ cities still have lower adoption rates.
PhonePe Limited IPO Lead Manager(s)
- Kotak Mahindra Capital Company
- J.P. Morgan India Private Limited
- Citigroup Global Markets India Private Limited
- Morgan Stanley India Company Private Limited
- Goldman Sachs (India) Securities Private Limited
- Jefferies India Private Limited
- Jm Financial Limited
- Axis Capital Limited
PhonePe Limited IPO Promoter(s)
- WM Digital Commerce Holdings Pte. Ltd.
- Walmart International Holdings Inc.
PhonePe Limited IPO FAQs
PhonePe Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byJanuary 22, 2026 7:47:57 AM (Day 22).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
PhonePe Limited IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
PhonePe Limited IPO FAQs
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PhonePe Limited was listed on the stock exchange on . The IPO was subscribed 0x. The last GMP for PhonePe Limited IPO was ₹0, updated on January 22, 2026 7:47:57 AM (Day 22). As per the last GMP, the expected profit/loss for the IPO was ₹0.
The IPO allotment has not been confirmed yet. To check your status , PhonePe Limited IPO Allotment Status Please Click Here.
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