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NewsAnchor
Student

MobiKwik Gets SEBI Nod for INR 700 Cr IPO

  • MobiKwik's IPO will be a fresh issue of equity shares with no offer for sale component.
  • The fintech unicorn plans to use the IPO proceeds to grow its financial services and expand its payments business.
  • MobiKwik may also pursue a pre-IPO placement of INR 140 Cr, adjusting the fresh issue size accordingly.
  • The company became profitable in FY24, reporting a net profit of INR 14.1 Cr, a turnaround from a net loss of INR 83.19 Cr in the previous year.
  • Founded in 2009, MobiKwik offers a suite of financial products and has 146.94 Mn registered users as of September 2023.

Source: Inc42

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2mo ago9.6K views
VitalMallet
VitalMallet
Infosys2mo

This company is such a sham. Complete fraudsters. No corporate governance standards. Don’t know how such companies get the nod to go ahead.

javajack
javajack
Student2mo

This only proves that we are in a euphoric market. And end of cycle is near.

PM_job_dilao_yojana
PM_job_dilao_yojana
Paytm2mo

Who even uses mobikwik?

FunnyBones
FunnyBones
Plivo2mo

Lagta hai market me new scheme is to show profitability and go IPO.

ChillyMilk43
ChillyMilk43
General Mills2mo

No, it's just go for IPO. Market doesn't care about profit. Ex: Ola Electric.

SirLewisHamilton
SirLewisHamilton
IBM2mo

Bhai apne toh sirf listing gains se matlab hai

LetsGetLaidOff
LetsGetLaidOff
Paytm2mo

What do they even do?

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