Razorpay Unlisted Shares
Razorpay is India's largest full-stack payments platform processing ₹10 lakh Cr+ annually for 8 million businesses, offering payment gateway, neo-banking, payroll, and lending.
Read the full company profileRazorpay share details
- Lot size
- 10 shares
- Face value
- ₹1
- Headquarters
- Bengaluru, Karnataka
- Website
- razorpay.com
- ISIN
- INE0ZHQ01018
- CIN
- U72200KA2013PLC097389
- Lock-in after IPO
- 6 months
Razorpay IPO status: DRHP filed with SEBI
Razorpay has filed its draft offer document with SEBI. SEBI reviews it before the company can launch an IPO.
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13 Jun 2026Offer document filed with SEBI
Source: SEBI's weekly processing-status report (22 Oct 2026) lists Razorpay Software Limited.
About Razorpay
When is the Razorpay IPO?
Strengths
- Razorpay covers the full flow of business money in one platform: payment gateway, payment links, QR codes, subscriptions and POS for accepting money, plus RazorpayX for current accounts, payouts and payroll.
- Its customer stories page says more than 50,00,000 businesses use Razorpay for payments, which gives it wide reach across startups, schools, e-commerce firms and larger companies.
- Payment aggregation is run by Razorpay Payments Private Limited, which the company describes as an RBI authorised payment aggregator. This licence is a basic requirement for holding merchant money in India.
- The company is not limited to India. Its website offers separate country pages for India, Malaysia, Singapore and the US, and lists international payments and international bank transfers as products.
- Lending and banking services sit in separate entities (Razorpay Tech Solutions for digital lending, RZPX for business banking), which keeps each regulated activity ring-fenced.
Risks
- No audited financial statements of Razorpay were available to us from the company's own sources, so revenue, profit and cash flow could not be checked here. Read the DRHP once it is public.
- Razorpay has filed its DRHP confidentially, so the full business, financial and risk disclosures are not yet public. Investors cannot see the final offer terms.
- The payments business depends on RBI rules for payment aggregators. A change in licensing, capital or settlement rules can raise costs or limit products.
- RazorpayX current accounts are provided by partner banks such as ICICI, RBL and Yes Bank, as the company's own disclaimer says. Razorpay itself is not a bank and relies on these partners.
- Business banking, lending and payments are run through different group entities, each with its own regulator and compliance needs.
- Payments is a crowded field with large banks and fintech rivals, so pricing pressure on merchants is a constant risk.
- Unlisted share prices are indicative, trade off-market with low volumes and can differ widely from the price at which an IPO is finally offered.
Events & announcements
SEBI's weekly processing-status report lists Razorpay Software Limited (Pre-filing) as received on 13 Jun 2026.
Buy or sell Razorpay unlisted shares
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Indicative off-market price, not an exchange quote. Read the disclaimer.
Razorpay unlisted shares: common questions
Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
