PhonePe Unlisted Shares – Current Update (2026)
PhonePe’s India IPO is expected to be worth up to $10.5 billion, with an aim to raise approximately $1 billion
Yesterday, Reuters reported
PhonePe, funded by Walmart, aims a valuation of up to $10.5 billion in India. IPO, sources say
Two days ago
Could PhonePe’s listing lead to a re-rating for Paytm?
14 days ago.
1 IPO: Latest News
PhonePe, which is sponsored by Walmart, is preparing for a huge IPO in India.
The corporation aims for a valuation of $9–$10.5 billion (₹75,000–₹87,000 crore).
The IPO is expected to collect $900 million to $1.05 billion (₹7,500-₹8,500 crore) from investors.
According to reports, the corporation plans to complete its listing by 2026, depending on market conditions.
2. SEBI Approval Status Update
SEBI has approved PhonePe’s IPO application, paving the way for one of India’s largest fintech listings.
The IPO is likely to be primarily an Offer For Sale (OFS), in which existing investors sell shares.
Investors are expected to sell shares:
Walmart will lower its shareholding.
Tiger Global.
Microsoft
3. PhonePe Business Development
PhonePe is India’s largest UPI payments platform, accounting for a significant portion of digital payments.
It processed approximately 10 billion UPI transactions in January 2026.
There are more than 650 million registered users in India.
4 Unlisted share price
In private markets, PhonePe’s unlisted share price is around ₹19,968 per share (as of February 2026).
Note:
PhonePe is not yet listed, thus prices may vary depending on private agreements.
Quick summary for investors.
Unlisted share price: around ₹19,900+.
The expected IPO date is 2026.
Target valuation: $9 billion – $10.5 billion or more
IPO size: ~₹7,500-12,000 crore.
A major fintech IPO candidate in India
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