PhonePe IPO Coming: Check Date, Price Band, IPO Size
India’s digital payments leader, PhonePe, is catching investor’s attention and making headlines with its potential Mainboard initial public offering (IPO). PhonePe may launch its ₹12,000 crore IPO in 2025, with investors eagerly awaiting the expected listing date, price band, and lot size. PhonePe IPO is much awaited and market watchers are asking: Is PhonePe IPO coming, and when will it launch? Here’s the latest update.
There is ongoing talks in the market that PhonePe has filed draft papers for approx ₹12,000 crores with SEBI through the confidential filing route, joining other startups like Groww, Physics Wallah, and Boat in using this approach. The confidential filing allows PhonePe to prepare for the IPO while keeping crucial financial details private. Investors have been waiting for this big IPO and want to know the PhonePe IPO size but they might have to wait until the company announce that the public filing is ready. It is important to note that filing these draft papers does not guarantee that the PhonePe IPO will launch, but it signals the company’s intent to go public soon.
PhonePe IPO Size, Price Band, Listing Date
As of now, PhonePe has not officially announced the IPO open and close dates for investors to submit applications, the price band, or the IPO lot size. These details will be shared publicly once the company files its Red Herring Prospectus (RHP) with SEBI. Typically, the listing date is scheduled a few weeks after the Initial Public Offering subscription closes, and the price band along with the lot size determines how many shares an investor can apply for and at what minimum investment. However, investors are advised to watch official SEBI announcements and stock exchange notifications for the final IPO schedule and subscription details related to PhonePe.
PhonePe Financial Performance
Metric | FY24 | FY25 | Growth |
---|---|---|---|
Revenue | ₹5,082 crore | ₹7,115 crore | 40% |
Adjusted EBITDA* | ₹652 crore | ₹1,477 crore | 2.3x |
Adjusted PAT* | ₹197 crore | ₹630 crore | 3.2x |
Adjusted EBIT* | Negative | ₹117 crore | Turned Positive |
Disclaimer: The financial data presented is based on publicly available sources and may be subject to updates or revisions. Investors should verify details independently before making any investment decisions.

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Frequently asked questions
Yes, PhonePe has filed draft papers with SEBI through the confidential route, which is usually the first step before a public IPO. While the filing doesn’t guarantee the IPO, it strongly indicates that the company is preparing to go public.
The official IPO open and close dates have not been announced yet. These details will be available once the company files its Red Herring Prospectus (RHP) publicly.
While listing gains depend on market conditions at the time of the IPO, PhonePe’s strong growth and market position in digital payments suggest that investor interest is likely to be high.
Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice. Investors are advised to carefully read the official DRHP/RHP documents and consult a SEBI-registered financial advisor before investing.