PhonePe Limited IPO: Date, Status and What We Know
IPO facts
- Status
- Postponed
- Market
- India
- Country
- India
- Exchange
- National Stock Exchange of India and BSE Limited
- Ticker
- Not announced
- Sector
- Digital payments and financial services
- Expected timing
- February to March 2027, according to inc42.com on 16 September 2026 citing unnamed sources; not confirmed by the company
- Filing date
- First trading day
- Not announced
- Price range
- Not announced
- Offering size
- 50,660,446 shares
- Last valuation
- Not announced
About PhonePe Limited
PhonePe is a Walmart-owned technology company that builds digital platforms for consumer and merchant payments, loan and insurance distribution, and also runs the Share.Market broking platform and the Indus AppStore.
IPO notes
PhonePe published its Updated Draft Red Herring Prospectus-I, dated 21 January 2026, on sebi.gov.in on 23 January 2026 for a pure offer for sale of up to 50,660,446 equity shares of ₹1 face value, offered by WM Digital Commerce Holdings (up to 45,942,496 shares), Tiger Global PIP 9-1 (up to 1,039,160) and Microsoft Global Finance Unlimited Company (up to 3,678,790). On 16 March 2026 CEO Sameer Nigam said the company was postponing its listing because of geopolitical uncertainty and market volatility (businesstoday.in, techcrunch.com). inc42.com reported on 16 September 2026, citing unnamed sources, that PhonePe is targeting a listing in February to March 2027 and plans to refile its papers by the end of 2026; the company declined to comment.
Other IPOs in this market
Sources
- sebi.gov.in · Updated Draft Red Herring Prospectus-I (offer for sale, selling shareholders) ·
- businesstoday.in · Report on the IPO deferral and the CEO's statement ·
- techcrunch.com · Report on PhonePe's statement on the IPO pause ·
- inc42.com · Report on the targeted February to March 2027 listing ·
Named as plain text with what each source states and the date it was checked.