MobiKwik receives Sebi approval for USD 252 million IPO

Monday 11 October 2021 13:19 CET | News

India-based fintech MobiKwik has receiver market regulator Sebi’s approval to launch an IPO through which it plans to raise up to USD 252 million.

The company has filed the Draft Red Herring Prospectus for the IPO with Sebi in July 2021. Through the IPO, the company plans to offer shares aggregating to USD 252 million. 

Out of the total, USD 198 million will be mopped up through fresh issue of shares, while USD 53 million worth of stocks will be offloaded through the Offer-for-Sale route by existing shareholders.

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Keywords: IPO, funding, fintech, MobiKwik
Categories: Payments & Commerce
Countries: India
This article is part of category

Payments & Commerce