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The Economic Times

Markets / The Economic Times

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Walmart-backed PhonePe gets Sebi nod for IPO; company to file updated DRHP soon

PhonePe has secured SEBI approval for its Initial Public Offering. The company will soon submit its Updated Draft Red Herring Prospectus. This move signals India's most anticipated fintech IPO is on the horizon. The IPO will involve an Offer For Sale by existing shareholders. PhonePe leads India's digital payments market.

20 Jan 2026 2:25 pm