PhonePe Files Confidential DRHP with SEBI for ₹12,000 Cr IPO

PhonePe has submitted its Draft Red Herring Prospectus (DRHP) to SEBI for an initial public offering (IPO) valued at ₹12,000 crore. The confidential filing route allows the company to keep sensitive financial details private until the public disclosure stage. This IPO is a significant step for PhonePe, aiming to capitalize on the growing digital payments market in India. The funds raised are expected to be utilized for expanding product offerings, enhancing technology infrastructure, and scaling operations. The move underscores PhonePe's ambition to strengthen its position in the fintech sector and attract long-term investors