Razorpay and Sembcorp Green Infra Receive Sebi Nod for IPOs
· Business · Economic Times, LiveMint
Fintech firm Razorpay Software Ltd and renewable energy producer Sembcorp Green Infra have received final observations from the Securities and Exchange Board of India to launch their initial public offerings. Razorpay aims to raise between Rs 5,000 crore and Rs 6,000 crore to expand its financial services platform, while Sembcorp Green Infra plans to secure Rs 3,750 crore for its renewable energy initiatives. Razorpay initially filed confidential draft documents with the regulator in June, followed by Sembcorp filing preliminary papers in August. The market regulator issued its final observations to Razorpay on November 3 and to Sembcorp on November 13, enabling both companies to prepare for their public share sales. Founded in 2014, Razorpay achieved unicorn status in 2020 and has grown from a payment gateway into an integrated financial services provider serving millions of businesses across India.
Why it matters
These planned public offerings will inject significant capital into India's fintech and renewable energy sectors while providing public market exits for investors.
Read the original report — Economic Times
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