Mobikwik submits revised IPO documents to SEBI for the release of a ₹700 crore offering.
Mobikwik, a payment platform, has submitted its Draft Red Herring Prospectus (DRHP) documents to SEBI, outlining its intention to initiate an IPO with the aim of raising ₹700 crore.
Mobikwik, the payment platform, has re-submitted its documents to the Securities and Exchange Board of India (SEBI) for the purpose of initiating an initial public offering (IPO). The Gurugram-based company aims to generate ₹700 crore through this offering. According to Mobikwik's Draft Red Herring Prospectus (DRHP), the IPO will consist solely of a fresh issue amounting to ₹700 crore, featuring a face value of ₹2 per equity share, and will not include any offer for sale (OFS) component.