India's Razorpay gets regulator approval for IPO
India's market regulator has approved fintech firm Razorpay's initial public offering, according to a document the SEBI published on Friday, Reuters reported.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Razorpay, an Indian fintech company, has received approval from the Securities and Exchange Board of India for its initial public offering, according to a document the regulator released on Friday, Reuters reported.
In June, the Bengaluru-based company confidentially submitted draft papers for an offering that Reuters had reported could be around $600 million. A confidential filing lets a company send materials to the regulator for review without making financial details and strategy public.
why it matters
The approval removes a key regulatory hurdle before Razorpay can list on the exchange. Founded in 2014, the company handles online payments through cards, net banking, UPI and digital wallets, earning fees from merchants. It competes with Paytm, PhonePe and Cashfree, so investors are likely to compare its valuation with those peers.
market impact
Indian IPO market and digital payments sector: a large new listing and competition for investor money
tags
instruments
sources
- India's Razorpay gets regulatory nod for IPO — Reuters, 13 November 2026 at 12:06 UTC
- Indian fintech firm Razorpay gets regulatory nod for IPO — Reuters, 13 November 2026 at 12:22 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗