Razorpay receives SEBI approval for IPO

Indian fintech company Razorpay has received approval from the market regulator for its Initial Public Offering (IPO). This was confirmed in a Securities and Exchange Board of India (SEBI) document on Friday, November 13, 2026, according to a report by The Hindu.

Earlier in June, the Bengaluru-based company had confidentially filed draft papers for the IPO. According to a Reuters report, the size of this IPO is likely to be approximately $600 million. The company chose the confidential filing option, which allows companies to submit documents for regulatory review without disclosing sensitive information such as financial details and business strategies.

Razorpay operates in India's rapidly growing digital payments ecosystem. It competes with other major companies in the country such as Paytm, PhonePe, and Cashfree.

Razorpay was founded in 2014. The company is backed by investors such as Y Combinator and Singapore's sovereign wealth fund. The company provides technology through which businesses are enabled to accept and process online payments via mediums such as cards, net banking, Unified Payments Interface (UPI), and digital wallets. The company generates revenue by charging transaction fees from merchants.