Razorpay files confidential DRHP, targets Rs 6,000 Cr mainboard IPO

Razorpay has confidentially filed its DRHP with SEBI for a mainboard listing, with the issue size pegged at Rs 5,000-6,000 crore. The payments-led fintech, last valued at $7.5B, serves millions of Indian merchants across payments, payouts, payroll and lending.

— Source publishedMon, 15 Jun, 2026, 18:40 IST·First seen Mon, 15 Jun, 2026, 18:42 IST·Source YourStory

What happened

Razorpay confidentially filed DRHP with SEBI for a mainboard IPO, with sources pegging the issue at Rs 5,000-6,000 crore. The payments-led fintech serves

Key facts

  • Rs 5,000-6,000 crore
  • $1.5 billion
  • $15 billion
  • founded 2014
  • unicorn 2020

Why this matters

Razorpay's confidential DRHP opens a 12-18 month window to evaluate partnership or acqui-target plays in adjacent payroll/lending niches before listing tightens its M&A currency and disclosure obligations.

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