[ad_1]
The issue is set to open on December 11 and will close on December 13.
The fintech company is seeking a valuation of around $250 million through the proposed listing, a big discount to the private valuation of around $924 million that it commanded in 2021, as per data from Tracxn.
MobiKwik had filed its draft papers for an IPO in January this year, seeking to raise Rs 700 crore, much smaller than its initial plan of raising 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.
-
Web Development
Advanced C++ Mastery: OOPs and Template Techniques
-
Artificial Intelligence(AI)
AI and Analytics based Business Strategy
-
Entrepreneurship
From Idea to Product: A Startup Development Guide
-
Astrology
Vastu Shastra Course
-
Web Development
Advanced Java Mastery: Object-Oriented Programming Techniques
-
Finance
Financial Literacy i.e Lets Crack the Billionaire Code
-
Web Development
Intermediate C++ Skills: Master Pointers, Structures and File Stream
-
Web Development
Java 21 Essentials for Beginners: Build Strong Programming Foundations
-
Data Science
SQL Server Bootcamp 2024: Transform from Beginner to Pro
-
Data Analysis
Learn Power BI with Microsoft Fabric: Complete Course
-
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
-
Design
Microsoft Designer Guide: The Ultimate AI Design Tool
-
Office Productivity
Zero to Hero in Microsoft Excel: Complete Excel guide 2024
-
Entrepreneurship
Building Your Winning Startup Team: Key Strategies for Success
-
Web Development
Master RESTful APIs with Python and Django REST Framework: Web API Development
-
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
-
Finance
A2Z Of Money
-
Entrepreneurship
Startup Fundraising: Essential Tactics for Securing Capital
-
Artificial Intelligence(AI)
ChatGPT Mastery from Zero to Hero: The Complete AI Course
-
Web Development
JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT
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 in 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.
[ad_2]
Source link
