Razorpay Gets SEBI Approval for IPO at 5 Billion Dollar Valuation
Payments company Razorpay has received approval from SEBI for its initial public offering and is targeting a listing in the fourth quarter of FY27 at a valuation of $5 billion. The proposed IPO is expected to raise $500 million to $600 million, subject to market conditions and investor demand. Razorpay reported a 65 percent increase in consolidated revenue to Rs 3,783 crore in FY25.5
By Finblage Editorial Desk
3:16 pm
4 November 2026
Digital payments company Razorpay has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), paving the way for its proposed stock market debut in the fourth quarter of FY27.
The company is targeting a valuation of approximately $5 billion for the public listing. The proposed IPO is expected to raise between $500 million and $600 million, although the final issue size and valuation could change depending on prevailing market conditions and investor demand.
The SEBI approval marks a significant milestone in Razorpay's preparations for entering the public markets. The anticipated listing would provide investors with an opportunity to participate in the company's growth in India's expanding digital payments and financial technology ecosystem.
Razorpay reported strong financial growth in FY25, with consolidated revenue increasing 65 percent to Rs 3,783 crore. The company's performance reflects continued expansion in its payments and financial technology operations.
The proposed IPO comes amid growing interest in India's technology and fintech companies seeking access to public capital markets. The final IPO structure, issue size and valuation are expected to depend on market conditions closer to the listing.
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