The issue is set to open on December 11 and will close on December 13.
The fintech is seeking a valuation of around $250 million through the listing, a big discount to its last private valuation of around $924 million that it commanded in 2021, as per data from Tracxn.
In January this year, MobiKwik had filed its draft papers for an IPO seeking to raise Rs 700 crore. The issue was much smaller than its initial plan to raise Rs 1,900 crore three years ago, when it had made the first attempt to go public.
As of June this year, MobiKwik reported 161 million registered users. For the June quarter its operational revenue stood at Rs 170.7 crore with almost 50% of its revenue coming from financial services.
-
Office Productivity
Zero to Hero in Microsoft Excel: Complete Excel guide 2024
-
Artificial Intelligence(AI)
AI for Everyone: Understanding and Applying the Basics on Artificial Intelligence
-
Web Development
JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT
-
Data Analysis
Animated Visualizations with Flourish Studio: Beginner to Pro
-
Web Development
A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024
-
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrow’s Innovations
-
Office Productivity
Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis
-
Office Productivity
Microsoft Word Mastery: From Beginner to Expert
-
Office Productivity
Advanced Excel Course – Financial Calculations & Excel Made Easy
-
Finance
Financial Literacy for Non-Finance Executives
-
Marketing
Future of Marketing & Branding Masterclass
-
Data Analysis
Learn Power BI with Microsoft Fabric: Complete Course
-
Finance
Value and Valuation Masterclass
-
Web Development
Mastering Full Stack Development: From Frontend to Backend Excellence
-
Strategy
Succession Planning Masterclass
-
Artificial Intelligence(AI)
AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills
-
Artificial Intelligence(AI)
ChatGPT Mastery from Zero to Hero: The Complete AI Course
-
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
-
Design
Microsoft Designer Guide: The Ultimate AI Design Tool
-
Marketing
Performance Marketing for eCommerce Brands
-
Finance
A2Z Of Money
-
Legal
Complete Guide to AI Governance and Compliance
In its IPO prospectus, the company said it is securing fresh funds to grow its payments and financial services business. It also plans to invest in its technology stack to improve its processes and pump capital into its hardware devices business.
Discover the stories of your interest
MobiKwik’s subsidiary entity Zaakpay has an in-principle approval from the Reserve Bank of India to operate as a payments aggregator.