Razorpay Files Draft Papers With SEBI For Rs 5,700-Crore IPO

Indian fintech unicorn Razorpay has filed draft papers with SEBI through the confidential route for a Rs 5,700-crore IPO. The company is targeting a valuation of $5-6 billion from the public issue. The confidential filing route allows companies to keep financial details private initially. This move marks Razorpay's formal entry into India's public markets as a major digital payments player.