Phonepe Ltd. IPO Details
Phonepe was incorporated on December 18, 2012. The company is a technology firm building digital platforms that support large-scale adoption across payments, digital distribution, and financial services. These platforms enable seamless fund flows and improved access to goods and services for users
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 50.7 M | - | - | ₹0 | DRHP DOC |
Phonepe issue details
Phonepe has 50.7 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Phonepe IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Phonepe NUMBER OF SHARES ON OFFER
Phonepe FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 3,918.5 | -1,444.4 | -117.3 | -420.7 | 6.5% |
| H1FY25 | 3,207.5 | -1,203.2 | 1,012.7 | 321.8 | 15.7% |
| FY25 | 7,114.9 | -1,727.4 | 1,202.0 | 346.8 | 20.8% |
| FY24 | 5,064.1 | -1,996.2 | -629.2 | -1,961.3 | 12.9% |
| FY23 | 2,914.3 | -2,796.1 | -768.3 | -2,155.3 | -12.9% |
Phonepe INFORMATION ON IPO ISSUE
About Phonepe
Phonepe was incorporated on December 18, 2012. The company is a technology firm building digital platforms that support large-scale adoption across payments, digital distribution, and financial services. These platforms enable seamless fund flows and improved access to goods and services for users
Object of the Issue
- To achieve the benefits of listing the equity shares on the stock exchanges
- Achieve the benefits of listing the equity shares on the stock exchanges
Phonepe - PROMOTERS
| Name |
|---|
| WM Digital Commerce Holdings Pte. Ltd. |
| Wal-Mart International Holdings, Inc. |
Phonepe - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Rohit Bhagat | Chairperson & Non- Executive Independent Director |
| Sameer Nigam | Whole-time Director & Chief Executive Officer |
| Rahul Chari | Whole-time Director & Chief Technology Officer |
| Donna Catherine Morris | Non-Executive Nominee Director |
| John David Rainey JR | Non-Executive Nominee Director |
| Leigh Douglas Hopkins | Non-Executive Nominee Director |
| Rachel Lee Brand | Non-Executive Nominee Director |
| Manish Sabharwal | Non-Executive Independent Director |
| Tarun Bajaj | Non-Executive Independent Director |
| Zarin Bomi Daruwala | Non-Executive Independent Director |
Phonepe Book Running Lead Manager
Kotak Mahindra Capital Company Limited
Phonepe.ipo@kotak.com
J.P. Morgan India Private Limited
Phonepe_IPO@jpmorgan.com
Citigroup Global Markets India Private Limited
phonepe.ipo@citi.com
Morgan Stanley India Company Private Limited
phonepeipo@morganstanley.com
Axis Capital Limited
phonepe.ipo@axiscap.in
Goldman Sachs (India) Securities Private Limited
phonepeipo@gs.com
Jefferies India Private Limited
phonepe.ipo@jefferies.com
JM Financial Limited
PhonePe.ipo@jmfl.com
Phonepe Registrar to the Offer
KFin Technologies Limited
phonepe.ipo@kfintech.com
Phonepe Strengths
Cutting-edge technology & intellectual property stack
The company has developed a robust in-house technology stack covering infrastructure, platforms, software, and data intelligence. This end-to-end ownership ensures high performance, scalability, security, reliability, and cost efficiency at population scale
Strong operating model
The company focuses on executing its financial strategy through diversified revenue growth, improved profitability, and stronger cash generation. This is supported by scale across consumer and merchant businesses and a disciplined approach to platform monetisation
Trusted brand
The company is India’s most downloaded Indian-owned Android finance app, with 156 million daily active users and strong brand recognition backed by industry awards. High user trust is reflected in deep engagement and repeat usage, with over 99% of daily active users returning to the platform within 30 days
Phonepe Risks
Retention & expansion risks
The company’s growth depends on its ability to retain and expand its network of users, merchants, and business partners. Failure to do so, or slower adoption and usage by new users, could adversely affect transaction volumes, revenues, and overall financial performance
Cybersecurity risks
The company faces cybersecurity risks due to the digital nature of its operations, which could disrupt services and harm its brand, reputation, and financial performance. Security breaches involving sensitive user, merchant, and partner data may lead to operational, legal, and financial consequences
Competition
The company operates in a highly competitive Indian financial services market, facing competition across digital payments, lending, insurance, and investment distribution. Inability to compete effectively, including against banks and fintech players, could adversely impact growth, profitability, and overall financial performance
IPO FAQs
The promoters of the company are WM Digital Commerce Holdings Pte. Ltd. and Wal-Mart International Holdings, Inc..
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.