PhonePe IPO Gets SEBI Nod: Fintech Giant Aims to Raise ₹12,000 Crore

• Fintech major PhonePe has secured approval from SEBI for its Initial Public Offering (IPO).
• The company plans to raise a substantial ₹12,000 crore through this IPO.
• The IPO structure, existing shareholders, and PhonePe's dominance in UPI transactions are key aspects.
• This move aligns with the growing trend of fintech companies listing on the stock market.

Why It Matters: PhonePe's ₹12,000 crore IPO gets SEBI approval, marking a significant step for the fintech giant.