Debasis Mohapatra
Bengaluru, 15 June 2026
Fintech firm, Razorpay has submitted a confidential Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in its bid to hit the market through an initial public offering (IPO).
Reports indicated that the proposed issue could be in the range of Rs 5,000 crore to Rs 6,000 crore.
The Bengaluru-headquartered fintech firm is seeking a valuation in the range of Rs 50,000 crore to Rs 60,000 crore through the public offering.
Earlier, the company had completed its exercise of corporate restructuring through which it had changed the domicile of its parent entity to India from the United States.
Razorpay counts several marquee global investment firms among its shareholders, including Peak XV Partners, Tiger Global Management, Ribbit Capital, TCV, Matrix Partners and Lightspeed Venture Partners.
The company mainly operates in the digital payments and financial services space. Over the years, it has expanded its operations into banking and business financial solutions over the years.
Several fintech firms like Paytm, PineLabs, and PB Fintech Ltd among others have been listed in Indian exchanges in recent years.
