PhonePe Files for ₹12,000 Crore IPO — Trilegal and CAM Advise

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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.

Also Read: Jeh Aerospace Raises $11 Million in Series A — Saraf & Partners, Cooley, SAM, and Goodwin Procter Advise

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

 

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