Razorpay Kicks Off IPO Preparations, Eyes INR 4,500 Cr Fresh Issue

by · Inc42

SUMMARY

  • The fintech unicorn has sought bids from merchant bankers, including Kotak Mahindra and Axis Capital, for the public issue
  • The fintech major is also reportedly in talks to raise a pre-IPO round, which will primarily comprise a secondary transaction, to achieve a specific valuation benchmark
  • This comes nearly a year after Razorpay received approval from its board to convert into a public entity, and reverse flipped back to India a month later