Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of PhonePe Ltd. on January 20, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 18 months.
PhonePe Ltd. IPO is a Book Build Issue consisting entirely of an offer for sale of upto 5.07 crore shares.
The equity shares are proposed to be listed on NSE and BSE. Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to PhonePe IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | |
| Lot Size | |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,06,60,446 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 5,06,60,446 shares of ₹1 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 50,66,04,456 shares |
| Share Holding Post Issue | 50,66,04,456 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Sep 23, 2025 Confidential |
| SEBI/Exchange approval received | Tue, Jan 20, 2026 Confidential |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII Shares Offered | Not more than 15% of the Offer |
PhonePe is a technology company building digital platforms for population-scale adoption, powering a broad ecosystem across Payments Services, Digital Distribution Services, and Financial Services. Through its platforms, PhonePe aims to unlock the flow of funds and enable access to goods and services for users across India.
The PhonePe ecosystem operates through three digital platforms:
As of March 31, 2025, according to the Redseer Report, PhonePe had:
PhonePe’s products and services are designed to drive inclusive digital adoption across Tier-1, Tier-2, and Tier-3+ cities, leveraging India’s digital public infrastructure.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 23,178.95 | 18,205.23 | 12,706.48 | 11,840.28 |
| Total Income | 4,174.51 | 7,631.38 | 5,722.20 | 3,083.43 |
| Profit After Tax | -1,444.42 | -1,727.41 | -1,996.17 | -2,796.07 |
| EBITDA | -858.75 | -336.99 | -857.78 | -2,243.17 |
| NET Worth | 9,539.02 | 9,374.34 | 9,324.12 | 7,387.24 |
| Amount in ₹ Crore | ||||
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | -15.06% | -18.22% |
| ROCE | -25.07% | -26.52% |
| RoNW | -15.14% | -18.43% |
| PAT Margin | -34.60% | -22.64% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 73.33% |
Lead Manager Reports
PhonePe IPO is a main-board IPO of 5,06,60,446 equity shares of the face value of ₹1 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The PhonePe IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in PhonePe IPO using UPI as a payment gateway. Zerodha customers can apply in PhonePe IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PhonePe IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PhonePe IPO dates are not announced. Please check back again after some time.
PhonePe IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in PhonePe IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for PhonePe IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the PhonePe IPO allotment status.
The PhonePe IPO listing date is not yet announced. The tentative date of listing is .
