The number one player of UPI market is bringing IPO, know when it will come, how big it will be.

b PhonePe, the number one player in the country’s UPI market, is preparing to launch an IPO in the coming April. This digital payments market leader has drawn up an ambitious expansion plan, the main aim of which is to double its share in India’s fast-growing digital ecosystem. The biggest strength of PhonePe is its dominance in the UPI market. The company’s share in the total digital payments of the country is about 45 percent. In India, Google Pay is at second place with 35% share. On April 16, PhonePe had converted itself from private to public company. This process is part of the legal process required for listing in the Indian stock exchange.

The company has stated in the documents submitted to SEBI that digital payments will be the main source of its growth. For expansion, the company will invest in increasing its customer base, potential market and scope of the platform. The company said that the total potential market of digital consumer payments in India was Rs 301 lakh crore in FY 2025, which could reach Rs 602-681 lakh crore by 2030.

PhonePe issue will be completely offered for sale

According to sources, PhonePe has set a target to launch IPO in April. This will be a complete offer for sale (OFS), in which companies like Walmart, Microsoft and Tiger Global will sell 5.06 crore shares. No new shares will be issued in this. The company had received approval for IPO from SEBI in January.

PhonePe is also expanding its financial services delivery such as loans and insurance. To increase sources of revenue, the company is also investing in new platforms like its wealth management platform ‘Share.Market’ and indigenous app store ‘Indus Appstore’.