PhonePe files confidential DRHP with SEBI for Rs 12,000 Cr IPO

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Walmart-owned fintech giant PhonePe has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the confidential route, setting the stage for one of the most anticipated IPOs in the Indian tech space.

The Bengaluru-based firm has taken advantage of SEBI’s confidential filing mechanism, introduced last year, which allows companies to keep sensitive financial and strategic details under wraps until closer to listing.

The company is reportedly looking to raise Rs 12,000 crore through its IPO….



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PhonePe files confidential DRHP with SEBI for Rs 12,000 Cr IPO


Walmart-owned fintech giant PhonePe has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the confidential route, setting the stage for one of the most anticipated IPOs in the Indian tech space.

The Bengaluru-based firm has taken advantage of SEBI’s confidential filing mechanism, introduced last year, which allows companies to keep sensitive financial and strategic details under wraps until closer to listing.

The company is reportedly looking to raise Rs 12,000 crore through its IPO….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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