Razorpay Secures SEBI Approval for $5B Valuation IPO

3 Nov 2026, 9:50 pm · 3h ago · 1 min read · EntrackrNew

Amount

Rs 5,500-6,500 Cr

Stage

IPO

Fintech unicorn Razorpay has secured approval from the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO). The Bengaluru-based company confidentially filed its draft red herring prospectus in June 2026 and aims to raise between Rs 5,500 crore and Rs 6,500 crore at an estimated $5 billion valuation. Razorpay plans to file final papers before March 2027, working with Axis Capital, Kotak Mahindra Capital, JP Morgan, and Citi. Founded in 2014 by Harshil Mathur and Shashank Kumar, the firm completed a reverse flip to India in 2025.