MobiKwik files DRHP with SEBI for Rs. 700 crore IPO
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MobiKwik has submitted draft papers to the Securities and Exchange Board of India (SEBI), with plans to raise Rs. 700 crore through an initial public offering (IPO). The fintech unicorn initially attempted an IPO in July 2021 and was even granted approval by SEBI. However, the company decided to pull back its Rs. 1,900 crore-IPO because global markets were facing a downturn back then. This is the company's second attempt at an IPO with a smaller issue size.