PhonePe IPO

Upcoming SME

Market Sentiment

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IPO Details

Face Value	₹10 Per Equity Share
Issue Type	Book Built Issue
Lead Manager	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) Securities Pvt.Ltd., Jefferies India Pvt.Ltd., JM Financial Ltd.
Registrar	To be upadted soon
Listing at	Both

IPO Reservation

Category	Shares Offered	Shares %

Financial Analysis

Financial Data

Revenue Growth

56.25%

Profit Margin

8.72%

Financial Performance

Metric	2022	2023	2024	June 2024
Revenue	-	-	-	-
Expense	-	-	-	-
Profit (PAT)	-	-	-	-
Total Assets	-	-	-	-

Values in Crores (₹)

Promoters & Holding Pattern

Promoters: Sameer Nigam, Rahul Chari, and Burzin Engineer

Strengths & Risks

Strengths

Revenue grew 56% in the latest reported year.
Solid profit margin — 8.7%.

Risks & Concerns

No major red flags in the available data.

Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.

Purpose	Amount (Cr)
To Be Updated soon	-

Resources & Documents

IPO Documents

Draft Red Herring Prospectus Red Herring Prospectus

Company Contact Information

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

support@phonepe.com

Website

https://www.phonepe.com/

PhonePe IPO — Quick Take

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.

By IPO Cracker Editorial Team · Editorial Policy · Data Sources Last updated: Jul 05, 2026

Related guides: What is GMP? · Anchor Investor explained · Allotment Process · How to Apply · Compare with peers

This summary is generated from live market data and company disclosures aggregated from BSE, NSE, SEBI filings (DRHP / RHP) and the registrar's office. It is informational only and not investment advice. Consult a SEBI-registered advisor before investing. How we recommend »

Frequently Asked Questions

The registrar for PhonePe IPO is To be upadted soon. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for PhonePe IPO are 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) Securities Pvt.Ltd., Jefferies India Pvt.Ltd., JM Financial Ltd..

The promoter(s) of PhonePe are Sameer Nigam, Rahul Chari, and Burzin Engineer.

You can apply for PhonePe SME IPO online during the open subscription window through any UPI-enabled broker app (Zerodha, Groww, Upstox, Angel One, ICICI Direct, HDFC Securities, or any SEBI-registered broker), or via your bank's ASBA-enabled net banking. Steps: (1) Open your broker app or your bank's ASBA portal. (2) Search for PhonePe in the IPO section — the issue must be in the Open window to apply. (3) Enter your bid: select the number of lots (minimum 1 lot) and bid at the cut-off price for the highest retail allotment chance. (4) Approve the UPI mandate that arrives on your bidding bank account — this blocks the application amount until allotment, and the funds stay in your account until shares are allotted. Allotment is finalized within 3 working days of the close date. See our How to Apply for an IPO guide for step-by-step screenshots, and the ASBA vs UPI Mandate explainer for how the payment block works.

Consider the IPO's GMP trend, subscription demand, financial health and industry valuation before applying. Full breakdown is available on this page. For how our scoring works, see our How We Recommend guide. This is informational and not investment advice — consult a SEBI-registered advisor.

PhonePe IPO GMP — What It Means

No active grey market premium has been recorded for PhonePe IPO yet. GMP is an unofficial, dealer-quoted indicator of expected listing-day demand — not a guaranteed listing price — and it can change quickly once bidding opens.

See the full PhonePe GMP history and trend, or learn how grey market premium works and how reliable it is.

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