Companies

Walmart-Backed PhonePe Gets SEBI's Approval For IPO, Says Report; All You Need To Know

January 20, 2026

Walmart-backed PhonePe has received approval from India's Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), marking a significant step towards its market debut. The IPO will consist entirely of an offer for sale by existing shareholders, with no new capital being raised, and comes at a time when India's primary markets are seeing record fundraising levels.

Walmart-Backed PhonePe Gets SEBI's Approval For IPO, Says Report; All You Need To Know

Credit: Timesnownews

Key Highlights

PhonePe commands over 45% market share in UPI transactions in India.
The IPO will be entirely an offer for sale by existing shareholders, including Walmart and Microsoft.
PhonePe is expected to file its updated draft red herring prospectus (UDRHP) soon.
The company's net profit for the fiscal year ending March 2025 more than tripled to ₹630 crore.
India's primary markets are currently experiencing exceptional momentum with record fundraising in 2025.

Business

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Walmart-Backed PhonePe Gets SEBI's Approval For IPO, Says Report; All You Need To Know

Key Highlights

Sources

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