Fintech Company PhonePe
PhonePe, the country’s big digital payment company, will also make investors earning from the stock market. Soon the company is bringing its IPO. The company has filed draft papers near the market regulator SEBI. PhonePe’s IPO will be purely based on OFS or offer for sale. The size of which will be around Rs 12,000 crore ($ 1.35 billion). The media reports quoted sources as saying that Walmart, Tiger Global and Microsoft are planning to reduce their stake with three share holders Phonpe. About 10 percent of the three want to reduce the stake. By the way, no official information has been revealed from the shareholders of the three so far. Nor has any official statement of PhonePe has come out.
How many companies have spent money in PhonePe
Earlier in the month of February 25, it was reported that the company has selected 4 investment banks, Kotak Mahindra Capital, City, Morgan Stanley and JP Morgan as consultants for a big IPO and have targeted a listing valuation of $ 15 billion (Rs 1,33,000 crore). Later on September 4, the news came that the phone can file a draft paper in a confidential manner by the end of September.
Walmart is a mazority shareholder in Phonpe. Also, in addition to Tiger Global and Microsoft, this company also includes investment of big companies like General Atlantic, Rebit Capital, TVS Capital, Tensent and Qatar Investment Authority. Phonepes and its rival Google are two prominent players in India’s UPI (Integrated Payment Interface) market. On the other hand, Forest 97 Communications Limited, which operates Paytm, is the only listed company, whose stock has seen an increase of 73.43 percent in the last one year.
How is the financial condition of the phone?
According to Moneycontrol report, the company’s revenue increased from 40 per cent to Rs 7,115 crore in FY 2025 and free cash flow was also positive, which has received a revenue of Rs 1,202 crore during the year from the operation. The report further states that its EBITDA (except ESOP Cost) increased to Rs 1,477 crore more than doubled, while Pat increased by 220 per cent to Rs 630 crore. PhonePe, which is also diversification in loan distribution and stock broking, also recorded its first positive adjusted Ebit (except ESOP cost) of Rs 117 crore.
When was the phone launched
Phonepe was launched in August 2016 and since then PhonePe Group has expanded in financial services-insurance, loan and property as well as new consumer take business-PINCode and Indus Appstore. The company had said in its financial year 2024 annual report that by March 2024, about 53 crore registered users, about 20 crore monthly active customers, more than 50 lakh net payment components are established.
We process more than 770 crore transactions every month, whose total payment price is Rs 10.5 lakh crore. The annual report further states that in the last few months, we have expanded globally with partnership in 6 countries (Singapore, United Arab Emirates, Nepal, Sri Lanka, Bhutan and Mauritius), which has made UPI payment possible for our consumers traveling abroad.