Upcoming IPO: Razorpay gets SEBI nod for IPO launch: Top things to know about the issue
A Ksheerasagar
Market regulator SEBI has given the green light to fintech company Razorpay to proceed with its IPO plans, months after the company confidentially filed its draft IPO documents.
According to a SEBI document released on Friday, the market regulator has approved the company's proposal to raise funds from investors, five months after it confidentially filed its draft papers.
A confidential filing allows companies to submit draft documents to the regulator for review without making them public, helping protect sensitive information such as financial details and business strategies.
The company is looking to raise $600 million through the IPO, Reuters reported. The approval also comes at a time when sentiment in the Indian stock market has improved amid easing inflationary pressures following a sharp decline in crude oil prices.
The global fallout from the sell-off in AI-linked stocks has also prompted overseas investors to rotate funds back into domestic equities after largely overlooking Asia's largest economy for nearly two years.
Founded in 2014, Razorpay provides technology that enables businesses to accept and process online payments through various channels, including cards, net banking, the Unified Payments Interface (UPI), and digital wallets. The company generates revenue by charging merchants transaction fees.
Beyond its core payment gateway business, Razorpay has been expanding its offerings in areas such as payroll management and merchant lending services. It competes with fintech companies such as Paytm, Walmart-backed PhonePe, Cashfree, and BillDesk in India's rapidly growing digital payments ecosystem.
The fintech firm has been strengthening its technology offerings, expanding its international presence and exploring new growth opportunities ahead of its public listing. In October 2026, it partnered with OpenAI to help Indian brands launch and manage advertising campaigns on ChatGPT through its Razorpay Engage platform.
The partnership reflects the company's push into emerging AI-led commerce and advertising opportunities. Razorpay has also been expanding into payroll management and merchant lending, diversifying its revenue streams as it prepares to tap public markets.
A Ksheerasagar
Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.
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