PhonePe IPO 2025 Date, Financial Report, Should You Apply for PhonePe IPO? PhonePe, one of the top digital payment platforms funded by Walmart, is preparing for its Initial Public Offering (IPO) in 2025 with a target valuation of up to $15 billion. The company has appointed Kotak Mahindra Capital, JP Morgan, Citi, and Morgan Stanley as advisors to facilitate the process. PhonePe has shown robust financial performance with a 74% growth in revenue for FY 2024, crossing ₹50 billion, and being profitable at a consolidated profit level of ₹1.97 billion. The increase in growth reinforces it as it steps into public listing.
Having a commanding 48.4% share in India’s Unified Payments Interface (UPI) space, PhonePe has more than 590 million registered users and 40 million merchants, with over 310 million daily transactions. The IPO process will start in March 2025, with the company listed by the financial year 2026. Assuming success, PhonePe would be the third Indian fintech firm to be listed on the stock market after Paytm and MobiKwik.
PhonePe IPO Date 2025
As of now, PhonePe has not announced a specific date for its Initial Public Offering (IPO). On February 20, 2025, the company began preparatory steps for a potential public listing on Indian stock exchanges. While the exact timeline remains undisclosed, reports indicate that PhonePe has selected four investment banks Kotak Mahindra Capital, JP Morgan, Citi, and Morgan Stanley to initiate the IPO process in the first week of March 2025, aiming for a valuation of up to $15 billion. While preparations are underway, the company has yet to confirm the IPO date, price range, or lot size. For the most current information, it is advisable to monitor official announcements from PhonePe and consult reputable financial news sources.
PhonePe IPO Objectives
- PhonePe changed its headquarters from Singapore to India in December 2022 and is now getting ready for a local IPO.
- Walmart-backed PhonePe plans to go public in India to facilitate long-term growth and market alignment.
- The firm is shooting for a $15 billion valuation and will use the funds to enhance services, grow, and pursue business initiatives.
- Indian stock exchange listings will enhance the credibility of PhonePe, drawing investors and customers.
- Celebrating its 10th year, the IPO is regarded as a strategic move to further expand the company.
PhonePe IPO Financial Report
- PhonePe is the market leader in India’s UPI space, with more than 48% market share and 590 million+ registered users and 40 million+ merchants on the platform.
- As of January 2025, the platform handles 310 million online transactions per day.
- In the FY2023 financial report, PhonePe was worth $12 billion, supported by investments from Ribbit Capital, General Atlantic, among others.
- During FY 2023-24, the company posted ₹5064 crore as revenue, with Profit After Tax of ₹197 crore and a net loss of ₹738 crore.
- PhonePe has also gone global, allowing UPI payments in Nepal, Bhutan, Singapore, Mauritius, UAE, and Sri Lanka, to the advantage of Indian tourists overseas.
Should you apply for the PhonePe IPO?
- Strong Support & Business Expansion: PhonePe has strong backing from companies such as Microsoft and Walmart, with a good business portfolio and expansion plans.
- Leading Digital Payments & Services: The firm controls India’s digital payments space and provides services such as investments, insurance, and many others.
- IPO Announcement & Sustainable Growth: Co-founder Sameer Nigam has said earlier that PhonePe would become public only after recording sustainable revenue profits, signifying robust financial growth.
- FinTech Industry & Market Competition: Although India’s FinTech sector is growing, the NPCI (National Payments Corporation of India) is encouraging more UPI competition, which may affect regulations.
- Investment Consideration & IPO Timeline: Investors must keep an eye on official announcements since the IPO is anticipated in March 2025, with information such as price range, lot size, and other details to be announced shortly.
Important Links
| Homepage | Click Here |