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.
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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.
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MobiKwik’s subsidiary entity Zaakpay has an in-principle approval from the Reserve Bank of India to operate as a payments aggregator.
