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via rediff.comCapital Markets

Razorpay wins Sebi approval for its proposed Rs 5,000-6,000 crore IPO

FROM THE WIRE · REDIFF.COM

Fintech firm Razorpay has secured approval from markets regulator Sebi for its proposed initial public offering (IPO) of Rs 5,000-6,000 crore, targeting a valuation of around USD 5 billion. The company, founded in 2014, offers various financial services and attained unicorn…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe approval paves the way for a major Indian fintech listing, targeting a valuation near 5 billion dollars.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Razorpay has received Sebi approval for its proposed IPO.
  2. 02The proposed offering is worth Rs 5,000-6,000 crore.
  3. 03The target valuation is around 5 billion dollars.

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