Razorpay plans for IPO, including Fresh issue and & OFS

One of the leading companies is “Razorpay”; IPO information is out.

Razorpay has received shareholders’ approval for the initial public offering. The IPO would include a fresh issue of around ₹2,700 crore and OFS, wherein some promoters would dilute their holdings. However, OFS amounts are yet to be disclosed.

The company has an aim of fresh issues with the face value of ₹2 each, raising up to ₹2,700 crore in total, as per the source.

The company plans to list its shares on stock exchanges so shareholders can easily buy and sell them in an official market.

A part from that, the company is planning for pre- IPO placement through some investors before filing the RHP with the SEBI. If this, then the fresh issue size would be reduced.

The company has selected Axis Capital, Citigroup, Goldman Sachs, JP Morgan, and Mahindra Capital as lead managers for its IPO.

As per the source, the Razorpay company has been planning for an IPO for quite a long time, and it has also shifted its headquarters from the US to India again, as well as received approval from shareholders to launch an IPO.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.