Razorpay Software Limited Unlisted Share Price
As of , the indicative unlisted share price of Razorpay Software Limited is ₹85.12 per share. This is an over-the-counter reference price, not a stock-exchange quote.
As of , Razorpay Software Limited is not listed on any Indian stock exchange (NSE or BSE) — its shares trade in the unlisted, over-the-counter (pre-IPO) market.
| Price / unit | ₹85.12 |
|---|---|
| Market cap | ₹7,474 Cr |
| Min. investment | ₹10,214 |
| Lot size | 120 |
| P/E ratio | 225.51 |
| P/B ratio | 0.08 |
What is Razorpay Software Limited?
Razorpay Software Limited is an unlisted Financials company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
Razorpay Software Limited is one of India's leading financial technology companies, best known for the digital payments infrastructure it provides to businesses across the country. Founded in 2013 and headquartered in Bengaluru, Razorpay began as a payment gateway aimed at simplifying online collections for merchants and has since grown into a full-stack fintech platform. The company was promoted by Harshil Mathur and Shashank Kumar, who built the business from an early-stage startup into one of India's most widely used payment service providers. Razorpay's offerings span several segments. Its core payment gateway enables businesses to accept payments through cards, UPI, net banking, wallets and other methods. Beyond collections, the company operates a neobanking and business banking arm (RazorpayX) for current accounts, payouts and payroll, a lending and capital line for merchants, and software for automating vendor payments and reconciliation. Together these products serve a broad base of merchants ranging from small online sellers to large enterprises, with the company reporting millions of businesses on its platform and a large annualised total payment volume. The company holds a prominent position in India's competitive payments landscape and reached unicorn valuation in 2020. In 2025 it completed a reverse-flip, shifting its parent domicile from the United States back to India, and converted to a public limited company, steps commonly associated with preparing for a domestic public listing. Razorpay reported strong consolidated revenue growth in its recent financial year. In the unlisted market, Razorpay draws considerable attention because it is a well-recognised, scaled fintech brand that has signalled intent to pursue a public listing, having filed a confidential draft offer document with the regulator in 2026. Investors and market participants track its shares for exposure to India's digital payments and fintech theme ahead of any potential listing. As with all pre-IPO names, the price quoted in the unlisted market is indicative and reflects negotiated transactions between buyers and sellers rather than an exchange-determined price.
Key events & news
Explore more unlisted shares
Other companies in our curated selection.
Frequently asked questions
No. As of 16 July 2026, Razorpay Software Limited is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.
The minimum lot is 120 share(s); at the indicative price of about ₹85.12, that is approximately ₹10,214. Indicative reference, not a quote.
As of 16 July 2026, the indicative unlisted share price of Razorpay Software Limited is ₹85.12 per share. This is an over-the-counter reference price, not a stock-exchange quote.
The ISIN of Razorpay Software Limited is INE0ZHQ01034. An ISIN is the unique 12-character code that identifies a company's shares in the depository system; this one is verified against NSDL (the National Numbering Agency). You need it to hold or transfer these unlisted shares in your NSDL or CDSL demat account.
Razorpay is an Indian fintech company that provides digital payments infrastructure to businesses. Its products include a payment gateway for accepting cards, UPI, net banking and wallet payments, along with business banking, payouts, payroll, lending and vendor-payment automation. It serves a large base of merchants, from small online sellers to large enterprises.
No. As of June 2026 Razorpay Software Limited is not listed on the NSE or BSE; it remains a privately held, pre-IPO company that has filed a confidential draft offer document with the regulator. Its shares are available only in the unlisted market, where transactions are arranged off-exchange between buyers and sellers and settled into a demat account. This is general information, not investment advice.
The indicative price in the unlisted market is set by supply and demand between private buyers and sellers, rather than by a stock exchange. It is influenced by factors such as the company's financial performance, business growth, overall fintech-sector sentiment, recent funding or valuation benchmarks, and expectations around a possible future listing. Because trades are negotiated privately, quoted prices are indicative and can vary between sources.
Razorpay Software Limited was incorporated in 2013 and is headquartered in Bengaluru, Karnataka. Its CIN is U72200KA2013PLC097389 and its ISIN is INE0ZHQ01018, with a face value of ₹10 per share. The company operates in the financial technology and digital-payments space and converted to a public limited company in 2025. These details are factual reference points and not a recommendation.
They can. If the company declares a dividend, unlisted shareholders are eligible like any other shareholder. Many unlisted firms reinvest profits, so dividends are not guaranteed.
After listing, unlisted shares convert into regular listed shares in your demat account and can be traded on the exchange, usually once any applicable SEBI lock-in period ends.
Unlisted shares are less liquid than listed shares. You can sell when a buyer is available through an off-market transfer; there is no continuous exchange market, so exits can take longer.
Unlisted shares carry higher risk and lower liquidity than listed shares, with fewer disclosures and no live market price. This is general information, not investment advice — assess suitability before investing.
An unlisted share price is an indicative, over-the-counter reference set by demand and supply in private deals between buyers and sellers. There is no live exchange quote, so prices can vary across dealers and over time.
Yes. Unlisted shares are delivered in dematerialised form, so you need an active demat account (NSDL or CDSL). No special account type is required — a regular demat account works.
Unlisted shares are sold through an off-market transfer to a buyer via a registered intermediary, settling from your demat account with a contract note. Liquidity depends on buyer availability, so exits can take longer than listed shares.
Razorpay Software Limited vs similar unlisted Financials shares
Indicative over-the-counter prices, as of 16 July 2026. Information only — not a recommendation or ranking.