PhonePe IPO / Now PhonePe will also be listed in the stock market, preparations are on to bring an IPO

Despite the fluctuations in the Indian stock market, investors' confidence remains intact. Digital payment company PhonePe is preparing to launch its IPO soon. The company's valuation was estimated at $12 billion. This can prove to be an important step in the Indian digital payment sector.

PhonePe IPO: Despite the volatility in the country's stock market, investors and companies continue to have faith in the Indian market. Strengthening this confidence, digital payment platform PhonePe has started preparations for its initial public offering (IPO). Earlier, companies like Paytm and Mobikwik have also brought their IPOs.

PhonePe's IPO plan

PhonePe, a digital payment company owned by US retail giant Walmart, is soon going to get its listing in the stock market. The company confirmed on Thursday that it is making the necessary preparations in this direction.

Current valuation of the company

PhonePe last raised funding in 2023, when its valuation was $12 billion. Its valuation for the upcoming IPO could be around this or more. An official statement from the company said, "We are starting the process of listing on the Indian stock market, which will be a historic occasion for the company. In the year 2025, PhonePe will complete 10 years of operating in India."

Journey from Singapore to India

PhonePe was originally started by Flipkart and operated from Singapore. Later Walmart acquired Flipkart, making PhonePe also owned by Walmart. As per the rules of the Reserve Bank of India (RBI), digital payment companies operating in India are required to store all their data in India.

Following this rule, in December 2022, PhonePe transferred from Singapore to India. Under this process, the company had to pay tax of about Rs 8,000 crore to the Government of India.

PhonePe's strong position in digital payment

Currently, the largest medium of digital payment in India is Unified Payments Interface (UPI). As per data from January 2025, PhonePe had a 47% share of the total UPI transactions done in the country. It was followed by Google Pay with 36% market share, while Paytm's market share fell to 6.78%.

Conclusion

PhonePe's IPO will bring a new possibility for investors in the Indian stock market. Given the company's market share, strong financial position and ever-growing digital payment ecosystem, this IPO can prove to be attractive for investors. It will be interesting to see in the coming months what kind of impact PhonePe's listing has on the Indian stock market.