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IPO Analysis > phonepe-ipo-mainboard

company amid mega IPO preparations ... 

Phonepe IPO is About to Hit the Dalal Street

The digital services and financial payments giant PhonePe is about to launch its IPO. The company is expecting to raise USD 1.5 billion at a valuation of 15 billion. The company is yet to file its DRHP with SEBI. However, FinnPick did not want you to keep guessing about all the latest PhonePe IPO news. So, we have curated a detailed list of everything in the news about the big PhonePe IPO buzz.


Note: 50% shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days

Phonepe IPO Details: Industry Overview

Launched in 2016, UPI has changed how Indians transact money. Today, from vegetable vendors to Michelin-star restaurants, everyone houses the QR-Scan, offering digital payments to their clients. In June 2025 alone, India recorded around 18.39 billion UPI transactions. With a daily volume of over 640 million, UPI beats even Visa. 


A report by PhonePe about a study done in collaboration with the Boston Consulting Group (BCG) highlights that the Indian digital payments landscape is about to reach USD 10 trillion by 2026.


Enter PhonePe, Indian’s leading digital payment company.


Let’s decode their company profile before moving on to other PhonePe IPO details, price, size, etc.

Phonepe IPO: Company Profile


Particulars

Description

Incorporation

August 2016

Category

Fintech

USP

Leading Consumer Payments App in India

Services

Digital Payments, Insurance, Lending, etc.

Other Brands

Some other apps and brands belonging to the PhonePe Group are Share.Market, Indus Appstore and Pincode.

Awards

Silver winner in the neo bank and fintech category, best lending tech initiative, etc.

Founders

Sameer Nigam, Burzin Engineer and Rahul Chari

Global Presence

Nepal, Bhutan, Singapore, Mauritius and the UAE

Registered Users

64 Crores+

Registered Merchants

4.5 Crores+

Daily Transactions

35 Crores+

TPV (Annualised)

₹150 Lakh Crore+

Competitors

GPay, BharatPe, etc.


Now, before getting into IPO specific information, like PhonePe IPO share price, size, date, etc. Let’s decode the previous funding rounds.

Phonepe IPO: Funding and Acquisitions

In total, PhonePe has had 18 funding rounds, valued at around USD 2.6 billion in total. The last round was in 2023. The table below shows the five latest funding round details.


Date (2023)

No. of Investors

Lead Investor

Money Raised 

22 May

4

General Atlantic

USD 100 million

12 April

1

General Atlantic

₹8.2 billion

17 March

1

Walmart

₹16.5 billion

14 February

4

-

USD 100 million

19 January

1




Acquisitions are also a key marker of the competitive strength of a company in a growing market. PhonePe has acquired 6 organisations, in total. The table below shows the latest three.


Date

Acquiree

Cost of Acquisition

Indus OS

29 July 2022

USD 60 million

WealthDesk

18 May 2022

USD 50 million

OpenQ

18 May 2022

USD 25 million


Now, let’s explore the key financials.

Phonepe IPO: Key Financials

The table below shows the consolidated fiscal data of PhonePe.


Particulars (₹ Crores)

2023-24

2022-23

Revenue from Operations

5,064

2,914

Total income

5,725

3,085

PAT

(1,996)

(2,795)

Total assets

12,711

11,840

Trade payables

487

2,468

Cash flow from operating activities

(628)

(579)

Particulars

2023-24

2022-23

Current ratio

4.71

2.10

ROE

-11.88%

-39.03%

Trade Receivable

Turnover ratio

14.68

12.52

Trade Payable

1.87

1.02

Net Profit ratio

-23.75%

-73.73%

RoCE

-10.11%

-24.80%


Now, let’s take a look at everything we know about the PhonePe IPO.


But before that, don’t forget to check out this list of top demat account providers.

PhonePe IPO Details

PhonePe has not yet filed its DRHP. Therefore, we don’t yet know the PhonePe IPO date. However, there are some speculations around the PhonePe IPO price and size.


Reports suggest that the company is planning to raise USD 1.5 billion at a valuation of 15 billion. However, a detailed breakdown of PhonePe IPO size will need us to wait for the filing.

Are You Planning To Invest in the PhonePe IPO?

The PhonePe IPO GMP is unavailable at the moment. To stay updated with the latest GMP movement, as soon as it hits the grey market, click here. However, grey market movement is not enough to efficiently analyse the IPO; don’t forget to perform due diligence before investing. 


Stay tuned with the live subscription status before hitting APPLY.

FAQs

  1. Is PhonePe listed on the stock market?

No, PhonePe is not yet listed on the stock market, but it is creating IPO buzz. The company is yet to file its DRHP. Click here to stay tuned with the live subscription status.


  1. Can I apply for an IPO from PhonePe?

Yes, most probably you can apply for the PhonePe IPO. However, every IPO has certain guidelines regarding its offer structure. We can get to know about the PhonePe IPO structure once the DRHP is filed.


  1. How to check IPO allotment in PhonePe?

You can check the allotment status using the website of the registrar. Stay tuned with FinnPick to get an update on the website link.


  1. Do I need a Demat account for the PhonePe IPO?

A demat account is a must-have for any equity or equity-related asset. This includes IPOs as well. Therefore, the first step to invest in PhonePe would be to get a demat account from the top brokers in India.


  1. What is the PhonePe IPO date?

PhonePe has not yet filed its DRHP. So, we aren’t yet aware of the IPO opening or closing date. Click here to stay tuned with the live subscription status.
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