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Market Chatter: Razorpay Files IPO Papers Confidentially

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Razorpay Software is seeking an India listing and has privately filed draft papers with the Securities and Exchange Board of India for an initial public offering, Bloomberg reported Monday, citing a newspaper advertisement.

The payments firm could raise as much as $500 million through the share sale, people familiar with the matter told Bloomberg.

Kotak Mahindra Capital, Axis Capital, Citigroup, Goldman Sachs and JPMorgan are advising on the proposed offering, the report said.

Under the confidential filing route, IPO documents remain private until regulatory review is completed, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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