Independent report

Razorpay Pre-IPO Secondary

Razorpay's IPO is coming at a 33-37% cut to its last private valuation, which means every secondary buyer today is deciding whether the IPO price is a floor for long-term entry or the ceiling before public-market reality resets expectations

SectorIndia Fintech / Payments Infrastructure
StagePre-IPO Secondary
PublishedJune 28, 2026

Authors and reviewers: Janvi (Research Analyst), Reena (Research Reviewer), Anurag (Senior Research Reviewer).

OpeningRupeia