Performance since IPO
Confirmed share price history
No published trading history yet
IPO recap
Offering not completed
PhonePe filed IPO documents on Jan 23, 2026. IPO date, ticker, and IPO offer price are not yet confirmed.
FiledJan 23
Pricing—
First trade—
Lockup ends—
The short version
PhonePe has a public Indian IPO draft and a reported pause. The payments platform remains filed because no formal withdrawal was verified.
Key takeaway 1
Public draft; a pause has been reported.
Key takeaway 2
Registered users differ from active users.
Company in detail
PhonePe operates consumer and merchant payments and distributes financial products. Its wider businesses include Share.Market and Indus Appstore. The founders continue in executive roles.
SEBI published an updated draft in January 2026. Reuters reported a pause in March. Filed status is retained pending evidence of formal withdrawal; final IPO terms remain unverified.
Registered users measure cumulative registrations, not monthly activity or profit. An eventual offer should be assessed through monetization, reliability, regulatory obligations and the costs of developing businesses beyond payments. The operating metrics below are dated disclosures, rather than current estimates.
Operating metrics
Registered users
More than 600 millionCumulative registered accounts in March 2025; not monthly active users.
Mar 11, 2025Merchant acceptance network
More than 40 million merchantsCompany-reported March 2025 acceptance network; no active-merchant claim.
Mar 11, 2025Company profile
- Legal name
- PhonePe Limited
- Headquarters
- —
- Founded
- 2015
- Founders
- Sameer Nigam, Rahul Chari, Burzin Engineer
- CEO
- Sameer Nigam
- CTO
- Rahul Chari
- Reliability chief
- Burzin Engineer
- Chairperson
- Rohit Bhagat
- Consumer businesses
- Share.Market and Indus Appstore
- App launch
- August 2016
- Employees
- No published figure
Timeline
- Registration milestone
PhonePe publishes a cumulative user milestone.
- Updated draft published
SEBI publishes UDRHP-I.
- Feature-phone UPI
PhonePe launches UPI for feature phones.
Sources
Registered users
More than 600 millionCumulative registered accounts in March 2025; not monthly active users.
Deal size
—Not confirmed
Valuation
—Not confirmed
Employees
—No published figure
Merchant acceptance network
More than 40 million merchantsCompany-reported March 2025 acceptance network; no active-merchant claim.
Operating cash flow
—No published figure
Financials
No reported financial periods with figures available
Revenue
No published financial dataReported financial periods will appear here when available.
No reported period with figures
Financial results are not available in the sources listed here.
Valuation & peers
Price-to-sales, revenue growth and gross margin
Comparable metrics unavailableComparable company figures for the same date are not available.
Revenue growth (%)
| Company | P/S | Growth | GM |
|---|---|---|---|
| PhonePe | — | — | — |
| No published peer comparison | |||
Context: Private financing valuations and modeled market values do not establish an IPO valuation. Revenue run-rate is not used here to calculate a price-to-sales ratio.
IpoHub score
How we score—Not rated
Balance sheet—
Growth—
Community—
Profitability—
Valuation—
Individual category scores are not available.
Where the money goes
—
Use of proceeds—
Allocation percentages—
Net proceeds—
Details on the use of IPO proceeds are not available.
Key risks
Editorial analysisPayments monetization
Large payment usage does not automatically create revenue.
Trust and regulation
Fraud prevention, service continuity and financial rules matter.
Deal terms
- Ticker
- Not confirmed
- Exchange
- Not confirmed
- IPO price
- Not confirmed
- Price range
- Not confirmed
- Pricing date
- Not confirmed
- First trading day
- Not confirmed
- Shares offered
- Not confirmed
- Deal size
- Not confirmed
- Underwriters
- Not confirmed
- Greenshoe shares
- Not confirmed
- Lockup
- Not confirmed
- Quiet period expirations
- Not confirmed
PhonePe IPO: where and how to invest
Where can I invest in the PhonePe IPO?
The PhonePe IPO is currently marked as filed; public share trading is not yet confirmed in this profile. If IPO subscriptions become available, you need a broker offering that specific deal to investors in your country. Having an account does not guarantee an allocation. After a confirmed listing, you can look for a broker that supports the relevant exchange.
Can I buy PhonePe shares now?
Public trading in PhonePe shares is not yet confirmed here. An announced or priced offering does not automatically mean you can buy the stock on an exchange. An IPO subscription and a private share purchase each have separate access requirements.
When is the PhonePe IPO?
A confirmed first trading day for PhonePe has not yet been published here. Check official company announcements and final offering documents; a planned timetable can change.
What is the PhonePe IPO share price?
A confirmed IPO offer price for PhonePe has not yet been published here. Private funding valuations and modeled private-market prices do not establish the eventual IPO share price.
What is PhonePe's stock ticker and exchange?
A stock ticker for PhonePe has not yet been confirmed here. An exchange has not yet been confirmed here. A proposed symbol or exchange does not establish that trading has begun. Verify the final listing announcement before placing an order.
Can I buy PhonePe shares before the IPO?
Private transactions or funds may sometimes provide exposure to PhonePe if a specific offer exists and you meet its requirements. This profile does not confirm an available private offer. A fund interest may provide indirect exposure rather than direct ownership of company shares. Private investments can have resale restrictions, uncertain valuations and limited exit options; a future IPO is not guaranteed.
Where can I find the PhonePe IPO prospectus?
Check PhonePe's official investor-relations announcements and publications from the relevant regulator and exchange. The company sources and documents on this page provide a starting point. A confidential submission or an announcement about it is not a publicly available prospectus. Before subscribing, read the final prospectus for the risks, price, share class and offering terms.
More questions about the PhonePe IPO
When is the IPO?
No final pricing or first-trade day is verified.
Why is the status filed?
SEBI has a public draft, and no formal withdrawal was verified.
Learn more about IPO access and private investments: Investor.gov · FINRA
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