India, Nov. 14 -- Update | November 14, 2026; 01:25 AM IST

Fintech major Razorpay has received Securities and Exchange Board of India's (SEBI) nod to float its proposed initial public offering (IPO).

According to SEBI's latest processing status update, the regulator issued its observations on Razorpay's draft IPO papers on November 3. In SEBI's parlance, issuance of observations allows a company to proceed with its public issue.

This comes a couple of weeks after Inc42 reported that SEBI had given its go-ahead to the fintech giant to list on the bourses. At the time, sources had said that the Rs.5,000 Cr to Rs.6,000 Cr ($530 Mn to $630 Mn) IPO would value the company at around $5 Bn (Rs.47,000 Cr), with a listing likely between January...