PhonePe Private Limited has confidentially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering estimated at ₹12,000 crore.
The IPO is expected to include both a fresh issue of equity shares and an offer for sale by certain existing shareholders.
Also Read: Vikram Solar Limited Raises ~₹2,079.37 Crore via IPO — Khaitan & Co, Trilegal & Linklaters Advises
Parties Involved
Issuer: PhonePe Private Limited
Book Running Lead Managers (BRLMs): Not disclosed at this stage (CAM is advising them)
Legal Counsel to Issuer: Trilegal
Legal Counsel to BRLMs: Cyril Amarchand Mangaldas
Advisory Teams
Trilegal (Legal Counsel to PhonePe)
Capital Markets Team
Vijay Parthasarathi, Partner
Vinay Sirohia, Partner
Harshvardhan Lahiri, Senior Associate
Pragya Gupta, Senior Associate
Vedansh Batwara, Senior Associate
Lajja Mehta, Associate
Animesh Tiwari, Associate
Hanna Vettoor, Associate
Kohsheen Saraf, Associate
Shubh Dutta Ojha, Associate
Ishika Kansal, Associate
Mayank Agarwal, Associate
Corporate Team
Vishruta Kaul, Partner
Wiseroy Damodaran, Partner
Amit Khansaheb, Partner
Aayush Sood, Counsel
Sayan Ghose, Counsel
Sanchita Kumari, Senior Associate
Bhavya Vatsa, Senior Associate
Advaye Sawhney, Senior Associate
Farhana Akhtar, Associate
Saksham Gadia, Associate
Neha Koppu, Associate
Juhi Wadhwani, Associate
Jessica Kaur, Associate
TMT Team
Jyotsna Jayaram, Partner
Sidharth Ray, Senior Associate
Sindhu A, Senior Associate
Anushka Gupta, Associate
Financial Regulatory Team
Shruti Rajan, Partner
Anubhav Ghosh, Partner
Drishti Kapadia, Senior Associate
Anugraha Jaising, Trainee Associate
Governance & Compliance Team
Sampath Kumar Rajagopalan, Partner
Denzil Rodrigues, Principal Consultant
Tanya Agarwal, Senior Consultant
Soumya Kapoor, Senior Consultant
Divya Shetty, Consultant
Labour & Employment Team
Apeksha Mattoo, Partner
Rina Goyal, Counsel
Dispute Resolution & Arbitration Team
Shalaka Patil, Partner
Paulomi Mehta, Senior Associate
Cyril Amarchand Mangaldas (Legal Counsel to BRLMs)
Capital Markets Team
Manan Lahoty, Partner (Head – Capital Markets)
Vishal Yaduvanshi, Partner (Regional Co-Head – Capital Markets – North)
Tanvi Kini, Principal Associate
Medhashree Verma, Senior Associate
Surya Rajkumar, Associate
Kanika Bhakhna, Associate
Abhinav Singh Chauhan, Associate
Monusha Nambiar, Associate
Medha Biswas, Associate
Pratyay Amrit, Associate
Employment Team (ESOP-related)
Bharath Reddy, Partner
Mayank Jain, Associate
FSRP & Insurance Teams (Regulatory Aspects)
Pallavi Singh Rao, Partner
Mainak Mukherjee, Associate
Siddharth Kothari, Associate
Indranath Bishnu, Partner (Head – Insurance)
Ila Vyas, Principal Associate
Key Transaction Highlights
The IPO size is pegged at approximately ₹12,000 crore, making it one of the largest public offerings in India’s fintech sector.
Walmart-backed PhonePe continues to dominate India’s digital payments ecosystem with services spanning UPI payments, recharges, bill payments, insurance, and investments.
This IPO is expected to test investor appetite in India’s booming fintech sector after a year of subdued tech listings.
Strategic Significance
PhonePe’s IPO will further cement India’s position as one of the world’s fastest-growing digital payments markets.
For Walmart, the listing offers a potential partial monetization of its investment in PhonePe.
For investors, PhonePe’s IPO provides exposure to one of India’s most widely used fintech platforms, with over 500 million registered users.
For more legal deal updates and analysis, stay tuned to TheCourtroom.in
Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions
