PhonePe
- Unlisted share
- Financial Services
- ISIN INE0KM101027
At a glance
Sales
FY25
₹7,115 Cr
+40.5%on FY24What the company earned from its customers in the year.
Loss for the year
FY25
₹-1,727 Cr
The company spent more than it earned in the year.
Net worth
FY25
₹9,509 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- PhonePe
- ISIN
- INE0KM101027
- Sector
- Financial Services
- Type of share
- Unlisted equity share
- Indicative price per share
- On request
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About PhonePe
PhonePe runs one of India's largest digital payments apps, built on UPI, and has added merchant payments, lending and insurance distribution, a stockbroking and mutual fund platform (Share.Market) and an Android app store (Indus Appstore). The company was incorporated in 2012 as FX Mart Private Limited, took the PhonePe name in 2016 and became a public company in 2025; it is based in Bengaluru. It is controlled by Walmart, whose WM Digital Commerce Holdings Pte. Ltd. held about 72% before the planned IPO; General Atlantic, Headstand Pte. Ltd. and the two founder-directors are the other large holders.
Written from: phonepe.com, ir.phonepe.com, ir.phonepe.com
Listing status. Updated Draft Red Herring Prospectus-I dated 21 January 2026 filed with SEBI for an IPO that is entirely an offer for sale of up to 5,06,60,446 shares (Walmart entity, Tiger Global and Microsoft selling), to list on BSE and NSE. The company's 14th AGM notice (for a meeting on 24 July 2026) still carried an unlisted CIN. PhonePe Updated Draft Red Herring Prospectus-I dated 21 January 2026
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Financial Services
- ISIN
- INE0KM101027
- Year of incorporation
- 2012
- Headquarters
- Bengaluru, Karnataka
- Parent / promoter
- WM Digital Commerce Holdings Pte. Ltd. and Wal-Mart International Holdings, Inc. (Walmart group)
- Key people
- Chairperson: Rohit Bhagat; Whole-time Director and CEO: Sameer Nigam; Whole-time Director and CTO: Rahul Chari; CFO: Adarsh Nahata
- Full-time employees
- 12,338 people
- Face value per share
- ₹1
- Equity shares outstanding
- 50,66,04,456 shares
- CIN
- U67190KA2012PLC176031
- Website
- phonepe.com
Read from: PhonePe Updated Draft Red Herring Prospectus-I dated 21 January 2026, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Profit margincalculated
-24.3%
For every ₹100 of sales, the company lost ₹24.3.
Return on equitycalculated
-18.2%
For every ₹100 of the owners' money, the company lost ₹18.2 in the year.
- Indicative price
- On request
- No. of shares
- 50,66,04,456
- EPS
- ₹-37.46
- Book value per share
- ₹187.7
- Face value
- ₹1
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2024-25. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
PhonePe Limited (formerly PhonePe Private Limited). As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY25: ₹2,914 Cr to ₹7,115 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY25: ₹-2,796 Cr to ₹-1,727 Cr.
| Particulars | FY23 | FY24 | FY25Latest |
|---|---|---|---|
| Revenue from operations | 2,914.29 | 5,064.13 | 7,114.86▲40% |
| Other income | 169.15 | 658.07 | 516.52▼22% |
| Total income | 3,083.43 | 5,722.2 | 7,631.38▲33% |
| Depreciation and amortisation | 536.59 | 1,116.57 | 1,360.31▲22% |
| Finance costs | 22.59 | 32.31 | 38.26▲18% |
| Restated profit/(loss) before tax | -2,802.35 | -2,006.65 | -1,735.56▲14% |
| Restated profit/(loss) for the year | -2,796.07 | -1,996.17 | -1,727.41▲13% |
| Restated basic earnings/(loss) per share of ₹1 (after the share split) (₹) | -68.4 | -45.17 | -37.46▲17% |
Rupees crore unless marked, consolidated. The change shown is the latest year against the year before. Read from: PhonePe Updated Draft Red Herring Prospectus-I dated 21 January 2026.
Ownership
Shareholding pattern
Who owns the company
As of 21 January 2026
71.8%WM Digital Commerce Holdings Pte. Ltd. (promoter, Walmart group)
- Largest holder
- 71.8%
- Top 3 together
- 86.5%
- Holders named
- 6
- WM Digital Commerce Holdings Pte. Ltd. (promoter, Walmart group)71.77%
- General Atlantic Singapore PPIL Pte. Ltd.8.98%
- Headstand Pte. Ltd. (formerly PhonePe Private Limited, Singapore)5.73%
- Sameer Nigam2.55%
- Rahul Chari2.55%
- 3State Ventures Pte. Ltd.1.03%
- Total92.61%
Read from: PhonePe Updated Draft Red Herring Prospectus-I dated 21 January 2026
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 13 Sept 20252,06,54,026 shares of ₹1 allotted at par to employees of the group on exercise of stock options (two allotments of 1,76,82,908 and 29,71,118 shares). | ESOP exercise | Equity shares | ₹1 | Not stated |
| 12 Sept 20254,32,06,820 shares of ₹1 allotted at par, half each to founders Sameer Nigam and Rahul Chari, under the PhonePe award schemes. | Allotment under founder award schemes | Equity shares | ₹1 | Not stated |
| 31 May 20234,10,700 shares to General Atlantic Singapore PPIL Pte. Ltd. at ₹19,968 each. Shares of ₹10 face value at the time; each was split into ten ₹1 shares in March 2025, so the per-share price is not comparable with today's shares. | Preferential allotment | Equity shares | ₹19,968 | Not stated |
| 12 Apr 20234,10,000 shares to General Atlantic Singapore PPIL Pte. Ltd. at ₹19,968 each. Shares of ₹10 face value at the time; each was split into ten ₹1 shares in March 2025, so the per-share price is not comparable with today's shares. | Preferential allotment | Equity shares | ₹19,968 | Not stated |
| 30 Mar 202397,656 shares to TVS Shriram Growth Fund 3 at ₹19,968 each. Shares of ₹10 face value at the time; each was split into ten ₹1 shares in March 2025, so the per-share price is not comparable with today's shares. | Preferential allotment | Equity shares | ₹19,968 | Not stated |
| 17 Mar 20238,31,330 shares to Fit Holdings SARL (now WM Digital Commerce Holdings Pte. Ltd., the Walmart promoter entity) at ₹19,968 each. Shares of ₹10 face value at the time; each was split into ten ₹1 shares in March 2025, so the per-share price is not comparable with today's shares. | Preferential allotment | Equity shares | ₹19,968 | Not stated |
| 23 Feb 20233,11,749 shares to Ribbit Bullfrog II Cayman IN Holdings and Tiger Global PIP 9-1 at ₹19,968 each. Shares of ₹10 face value at the time; each was split into ten ₹1 shares in March 2025, so the per-share price is not comparable with today's shares. | Preferential allotment | Equity shares | ₹19,968 | Not stated |
| 19 Jan 202314,54,828 shares to General Atlantic Singapore PPIL Pte. Ltd. at ₹19,968 each. Shares of ₹10 face value at the time; each was split into ten ₹1 shares in March 2025, so the per-share price is not comparable with today's shares. | Preferential allotment | Equity shares | ₹19,968 | Not stated |
| 15 Nov 20223,71,753 shares to the then Singapore parent (now Headstand Pte. Ltd.) at ₹19,968 each. Shares of ₹10 face value at the time; each was split into ten ₹1 shares in March 2025, so the per-share price is not comparable with today's shares. | Rights issue | Equity shares | ₹19,968 | Not stated |
| 24 Mar 2022Two allotments on 23 and 24 March 2022 totalling 25,56,168 shares to the then Singapore parent at ₹8,901 each. Shares of ₹10 face value at the time; each was split into ten ₹1 shares in March 2025, so the per-share price is not comparable with today's shares. | Rights issue | Equity shares | ₹8,901 | Not stated |
| 24 Dec 20214,63,761 shares to the then Singapore parent at ₹7,547 each. Shares of ₹10 face value at the time; each was split into ten ₹1 shares in March 2025, so the per-share price is not comparable with today's shares. | Rights issue | Equity shares | ₹7,547 | Not stated |
Read from: PhonePe Updated Draft Red Herring Prospectus-I dated 21 January 2026
Leadership
Management
Rohit Bhagat
Chairperson of the Board and Non-Executive Independent Director
Sameer Nigam
Whole-time Director and Chief Executive Officer
Rahul Chari
Whole-time Director and Chief Technology Officer
Adarsh Nahata
Chief Financial Officer
Ankit Gunvantrai Popat
Company Secretary and Compliance Officer
Tarun Bajaj
Non-Executive Independent Director
Manish Sabharwal
Non-Executive Independent Director
Zarin Daruwala
Non-Executive Independent Director
Read from: PhonePe Updated Draft Red Herring Prospectus-I dated 21 January 2026, PhonePe investor relations, governance page
Corporate calendar
Events
- 24 Jul 2026AGM14th annual general meeting held by video conferenceOpen
- 27 May 2026Board changeRachel Lee Brand resigned as non-executive nominee director (additional)Open
- 21 Jan 2026DRHP filingUpdated Draft Red Herring Prospectus-I filed with SEBI for an all offer-for-sale IPO of up to 5,06,60,446 sharesOpen
- 23 Sept 2025Board outcomeBoard authorised the IPO and took on record the selling shareholders' consentsOpen
- 12 Sept 2025Share allotment4.32 crore shares allotted to the two founders under award schemes, followed by 2.07 crore employee option shares on 13 September 2025Open
- 1 May 2025ConversionConverted to a public limited company and renamed PhonePe Limited (fresh certificate of incorporation)Open
- 31 Mar 2025SplitShareholders approved sub-division of each ₹10 share into ten ₹1 sharesOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
- FY2025-26Notice of the 14th Annual General Meeting
- FY2024-25PhonePe annual return FY2024-25
- FY2024-25PhonePe standalone financial statements FY2024-25
- FY2023-24PhonePe standalone financial statements FY2023-24
- FY2022-23PhonePe standalone financial statements FY2022-23
- 2026Updated Draft Red Herring Prospectus-I dated 21 January 2026
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about PhonePe on WhatsAppIs the price shown for PhonePe final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my PhonePe shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell PhonePe shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by PhonePe. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.