PhonePe IPO
Market Sentiment
IPO Details
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Financial Analysis
| Metric | 2022 | 2023 | 2024 | June 2024 |
|---|---|---|---|---|
| Revenue | - | - | - | - |
| Expense | - | - | - | - |
| Profit (PAT) | - | - | - | - |
| Total Assets | - | - | - | - |
Promoters: Sameer Nigam, Rahul Chari, and Burzin Engineer
Company Information
PhonePe is indian digital payments platform in India and it was founded in 2015. This assists to make and receive payments through UPI, credit card and wallets. Further, a 48.4% is india’s transaction volume through phone pe application. The platform also offers services for mobile recharges, bill payments, insurance, and mutual funds to its users. In August 2016, PhonePe teamed up with Yes Bank to launch a mobile payment app that uses the UPI (Unified Payments Interface) platform, which is supported by the government. This digital platform assist varied businesses solutions, payment gateway, merchant lending and digital marketing services. Owing to this activities , Phone pe become reputable and trustworthy for people.
| Purpose | Amount (Cr) |
|---|---|
| To Be Updated soon | - |
Resources & Documents
PhonePe Ltd., Office-2, Floor 5, Wing A, Block A,, Salarpuria Softzone, Bellandur Village,, Varthur Hobli, Outer Ring Road, Bangalore South,, Bangalore Urban, Karnataka, 560103
PhonePe is preparing a sme offering. The SME issue is in the upcoming pipeline with dates yet to be finalised.
PhonePe is indian digital payments platform in India and it was founded in 2015. This assists to make and receive payments through UPI, credit card and wallets.
The issue is promoted by Sameer Nigam, Rahul Chari, and Burzin Engineer with Kotak Mahindra Capital Co.Ltd., JP Morgan India Pvt.Ltd., Citigroup Global Markets India Pvt.Ltd., Morgan Stanley India Co.Pvt.Ltd., Axial Capital Pvt.Ltd., Goldman Sachs (India) S… acting as lead manager. Net proceeds will primarily be used towards To Be Updated soon.
On fundamentals, the company is posting revenue growth of 56.3%, a profit margin of 8.7% in its most recent reported period.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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