Upcoming IPO, March 15 -- PhonePe IPO, which is said to be one of the most awaited IPOs of 2026, will be hitting the primary market this year, however, the final date and size of issue has not been announced by the company yet.

It is to be noted that the company has received markets regulator Securities and Exchange Board of India approval for its IPO.

According to company's filing, Walmart plans to reduce its stake in PhonePe by about 12% through the company's initial public offering, while Tiger Global Management and Microsoft intend to fully exit their holdings.

The three investors are expected to sell roughly 50.7 million shares in the offering, and PhonePe will not issue any new shares as part of the IPO.

PhonePe, which competes ...