India, June 15 -- Razorpay, a Bengaluru-based fintech company, is preparing for its Initial Public Offering (IPO) and an eventual listing on Dalal Street. The company is taking key steps toward entering the public markets as part of its next phase of growth and expansion in India's rapidly evolving digital payments and financial services ecosystem.

According to sources, the company has filed confidential draft papers with the Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The payment solutions provider submitted the pre-filed Draft Red Herring Prospectus (DRHP) on June 12 as part of its plans to enter the public markets.

In a public notice issued on Monday, the company confirmed the filing of its pr...