Monday, 15 June, 2026
Fintech Secret: Razorpay Initiates $600 Million India IPO via Confidential Route
By TechShots Studio
Indian digital payments unicorn Razorpay has submitted its preliminary Draft Red Herring Prospectus (DRHP) to market regulator SEBI. Using the confidential filing route allows the company to hide early financial details from the public.Aimed at a late 2026 stock market debut, the public issue is expected to raise approximately $600 million through a mix of fresh shares and an offer-for-sale. Bank advisers include JPMorgan, Citi, Axis Capital, and Kotak Mahindra.