Razorpay Secures SEBI Approval for ₹6,000 Crore Public Listing

6 Nov 2026, 1:47 pm · 2h ago · 1 min read · Inc42New

Amount

₹6,000 Cr

Stage

IPO

Fintech unicorn Razorpay has secured regulatory approval from the Securities and Exchange Board of India for its upcoming initial public offering. Co-founded by chief executive officer Harshil Mathur, the payments giant plans to raise between ₹5,000 crore and ₹6,000 crore through a combination of fresh equity issuance and an offer for sale. The public listing, targeted for early 2027, is expected to value the company at approximately $5 billion, with investment banking advisory handled by Axis Capital, Kotak Mahindra Capital, JP Morgan, and Citi as merchant bankers amidst expanding merchant discount rate revenue streams.