Digital payments and fintech platform PhonePe has filed its updated Draft Red Herring Prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI).
This development follows SEBI’s recent regulatory approval for the company’s IPO plan, setting the stage for one of India’s most anticipated fintech market debuts.
The IPO will be structured entirely as an Offer for Sale (OFS), with no fresh shares being issued by PhonePe itself, which means the company will not receive direct proceeds from the public issue. Instead, existing…

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