India, Nov. 6 -- In March this year, on the sidelines of Razorpay's annual flagship event FTX, CEO Harshil Mathur told Inc42 that what mattered most to him was how Razorpay stands in the public markets, and not the fact that it went public.

Eight months on, that test now has a rough date as the company sets off on the last leg of its IPO journey.

Razorpay has received SEBI's approval for its proposed IPO. The fintech major is looking to raise Rs.5,000-6,000 Cr through a mix of fresh issue and offer for sale at a valuation of around $5 Bn, with a listing likely between January and March 2027. Axis Capital, Kotak Mahindra Capital, JP Morgan and Citi are the reported bankers.

The headline number when it comes to Razorpay's listing, or for...