Razorpay Gets SEBI Nod For ₹6,000 Cr IPO

Fintech company Razorpay has obtained SEBI's approval for its proposed ₹5,000-6,000 Cr IPO, according to sources cited by Inc42. The IPO is anticipated to value the firm at approximately $5 Bn, with a potential listing scheduled between January and March 2027, according to the sources. The offering is projected to consist of both a fresh issuance and an offer-for-sale (OFS), though the specific allocation between the two has not been disclosed.

This news first emerged in the Economic Times. Razorpay was established in 2014 by Shashank Kumar and Harshil Mathur and provides payment processing, business banking, payroll, and lending services. The company filed its IPO documentation via the confidential route in June, targeting a valuation ranging from $5 Bn to $6 Bn, which is lower than the $7.5 Bn valuation it achieved in its most recent funding round in 2021.

Prior to the share listing, Razorpay relocated its headquarters from the United States to India. The company incurred a loss in FY25 due to ₹1,209 Cr expenses related to employee stock options, as well as one-time restructuring and tax costs stemming from the relocation. Operating revenue increased by 65% year-over-year to ₹3,783 Cr during the year.