PhonePe is preparing to launch its IPO in April. Under the offer-for-sale (OFS), investors such as Walmart, Microsoft, and Tiger Global will sell 50.6 million shares. The company has already received approval from SEBI for the IPO. PhonePe is planning to expand its presence in digital payments, financial services, and new platforms such as Share Market and the Indus Appstore.
Fintech company PhonePe is preparing to launch its IPO in April. Along with strengthening its foothold in India’s digital payments market, the company plans to expand into financial services and new consumer platform segments.
Who Will Sell their Shares?
Citing industry estimates, the company said that the total addressable market for digital consumer payments in India stood at ₹301 lakh crore in FY 2025 and is expected to grow to ₹602–681 lakh crore by FY 2030.
According to sources, PhonePe is targeting an IPO launch in April. The issue will be entirely an offer for sale (OFS), under which investor companies such as Walmart, Microsoft, and Tiger Global will sell 50.6 million shares.
SEBI Has Given the Green Light to PhonePe IPO
This process will not include any fresh issue of shares. The company received approval from the Securities and Exchange Board of India (SEBI) for the IPO in January. PhonePe is also expanding its financial services distribution business, including lending and insurance.
To diversify its revenue sources, the company is investing capital in new platforms such as its fund management platform Share.Market and the indigenous app store Indus Appstore. It may be noted that the current GMP (grey market premium) is zero.
