Digital payments company PhonePe has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its planned IPO, targeting a listing in April 2026. The Walmart-owned fintech giant aims to raise around Rs. 12,000 crore via an offer for sale, where existing shareholders will sell stakes.
PhonePe’s IPO is among the most anticipated in the Indian capital markets, reflecting robust investor interest in fintech and digital payments firms. Successful listing could also pave the way for other large-scale tech floats in the coming months.
Market analysts said the price discovery and valuation trends will be key indicators of broader market appetite for newly listed tech names in 2026. A strong debut could reinvigorate the IPO market after a slow start to the year.
