PhonePe Ltd is a technology company focused on building digital platforms that enable large-scale adoption across India. It operates a broad ecosystem spanning payment services, digital distribution, and financial services to simplify the flow of money and improve users' access to goods and services.
Platforms & Offerings
PhonePe operates through three key digital platforms:
PhonePe Platform: Serves both consumers and merchants, offering digital payments, merchant transactions, and the distribution of lending and insurance products.
Share.Market: A digital investment platform that provides access to equity trading, ETFs, futures & options, mutual funds, and curated investment options like WealthBaskets.
Indus Appstore: An Android-based app marketplace that allows users to discover, download, and manage apps and games across multiple categories.
Scale & Reach
As of March 31, 2025 (as per the Redseer Report):
The platform had 618.40 million registered users, covering about 43% of India’s population
It had 44.87 million registered merchants, representing around 77–80% of India’s estimated 56–58 million merchant base
PhonePe’s services are designed to drive digital adoption across Tier-1, Tier-2, and Tier-3+ cities, supported by India’s growing digital infrastructure.
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 75% | -- |
| Non-Institutional Investors (NIIs) | 10% | -- |
| Retail Individual Investors (RIIs) | 15% | -- |
PhonePe’s total income 0.00 by 0.00% and total expenses 0.00 by 0.00%, resulting in an EBITDA -2,243 by 161.73% and a profit after tax (PAT) 0.00 by 0.00% between March 31, 2025 and March 31, 2026.
-2,24331 March 2026 | -85731 March 2025 | -33631 March 2024 |
2,243
2,019
1,794
1,570
1,346
1,122
897
673
449
224
0.00
Long-term and strategic focus on building new business verticals
Experienced leadership team with emphasis on governance and culture
Strong technology backbone with proprietary systems and capabilities
Widely trusted brand with a strong presence across India
Leadership position in high-frequency digital payments
Scalable operating model balancing growth
diversification
and performance
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| -- | -- | -- |
| Issue Composition: | |
|---|---|
| Face Value | ₹1 per share |
| Total Issue Size | 0 shares (aggregating up to To be announced) |
| Fresh Issue | 0 shares (aggregating up to To be announced) |
| Offer for Sale | 0 shares of ₹1 (aggregating up to To be announced) |
| Issue Type | Book building |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | shares |
| Post-Issue Shareholding | 0 shares |
| Minimum Lot Size | -- |
| Maximum Lot Size (Retail) | -- |
The lot size of PhonePe ipo has been designed to ensure broad participation while maintaining optimal price discovery.
Office-2, Floor 5, Wing A, Block A, Salarpuria Softzone, Bellandur Village, Bangalore
Kfin Technologies Ltd.
| Book Running Lead Manager(s) |
|---|
| Kotak Mahindra Capital Co.Ltd | JP Morgan India Pvt.Ltd | Citigroup Global Markets India Pvt.Ltd. |