MUMBAI: In what might be its second try at going public, One MobiKwik Programs – the father or mother firm of fintech agency MobiKwik – on Friday filed a contemporary draft pink herring prospectus with Sebi to lift Rs 700 crore via a contemporary challenge of shares.
The dimensions of the proposed IPO is over 50% decrease than the earlier challenge which was deliberate at Rs 1,900 crore. The IPO doesn’t have a proposal on the market part. The corporate stated that it could undertake a pre-IPO placement price as much as Rs 140 crore.
MobiKwik will use the IPO proceeds to fund progress of its monetary companies and cost companies companies and make investments in knowledge and expertise instruments like AI & ML. In an interview with TOI final yr, co-founder and CEO Bipin Preet Singh had stated that the corporate’s digital credit score GMV (gross merchandise worth) has seen a multi-fold progress over the previous few years.
The dimensions of the proposed IPO is over 50% decrease than the earlier challenge which was deliberate at Rs 1,900 crore. The IPO doesn’t have a proposal on the market part. The corporate stated that it could undertake a pre-IPO placement price as much as Rs 140 crore.
MobiKwik will use the IPO proceeds to fund progress of its monetary companies and cost companies companies and make investments in knowledge and expertise instruments like AI & ML. In an interview with TOI final yr, co-founder and CEO Bipin Preet Singh had stated that the corporate’s digital credit score GMV (gross merchandise worth) has seen a multi-fold progress over the previous few years.
