Page 3 - Mobikwik

Mobikwik expects to double revenue this fiscal, stays cautious on IPO

IPO-bound fintech firm Mobikwik is expecting to close the current financial year with 100 per cent revenue growth, a top company official said.

Dozen Indian IPOs now under extra investor scrutiny after Paytm debacle

Planned smaller IPOs could have a harder time pricing shares if there is a reduced appetite for new listings

Mobikwik defers its Rs 1,900 cr IPO, says will list at 'the right time'

IPO was slated for November; source are now saying the company may go for a listing in 2022

Market wrap: A day after massive sell-off, Sensex, Nifty gain 0.3% each

Paytm shares gain 10% after sliding 37% in 2 days; MobiKwik to delay planned IPO, says CEO; Latent View Analytics lists at 169% premium

Paytm's IPO flop may embitter millions of retail investors

The event in a way will nudge people to be cautious and not take the market for granted by blindly placing bets, says a market expert

MobiKwik to delay planned IPO, says CEO after Paytm's dismal market debut

Indian payments firm MobiKwik has delayed its plans to proceed with an initial public offering (IPO) of shares this month, its CEO said

Skies darken for IPOs planned by Mobikwik, OYO after Paytm's dismal debut

It will take three to four months for people to forget Paytm and that it destroyed wealth, says a founder of a brokerage house in Mumbai

MobiKwik turns unicorn ahead of initial public offering

The company has received markets regulator Sebi's approval to launch an initial public offering, through which it plans to raise up to Rs 1,900 crore.

SJS Enterprises, Mobikwik, Skanray Tech get Sebi nod for IPOs

The Securities and Exchange Board of India (Sebi) has given its approval for the initial share sales of three companies, including SJS Enterprises and One Mobikwik Systems Ltd. Medical equipment maker Skanray Technologies Ltd has also received the nod from the watchdog for its initial public offering (IPO). The three companies have been issued observations by the watchdog, according to the update on the processing status of draft offer documents as on October 8. An observation letter is mandatory for an initial share sale. In Sebi parlance, the issuance of observations implies its go-ahead for the IPO. One Mobikwik Systems Ltd is a leading mobile wallet (MobiKwik Wallet) and Buy Now Pay Later (BNPL) player in India. The company, which filed the Draft Red Herring Prospectus (DRHP) for the IPO in July, plans to offer shares aggregating to Rs 1,900 crore. This will comprise raising Rs 1,500 crore through fresh issue of shares and Rs 400 crore-worth stocks will be offloaded through th

MobiKwik receives Sebi approval for Rs 1,900 crore IPO

Rs 1,500 crore will be mopped up through fresh issue of shares

MobiKwik bullish on core business, buy-now-pay-later launched in May 2019

The firm currently has 22.3 mn pre-approved BNPL users and is handling over 4 mn such transactions a year. It is seeing 14x growth from a year ago

MobiKwik IPO creates Rs 300-crore windfall for its 470 employees

Fintech major MobiKwik, which has filed its draft red herring prospectus (DRHP), on Tuesday said the listing should provide a bountiful rewards to its employees through the ESOPs issued to them. The company, under its ESOP 2014 Scheme, has reserved 4.5 million equity shares for creating a pool of ESOPs for the benefit of the eligible employees. MobiKwik Chairperson, co-founder and COO Upasana Taku said the number of equity shares that would arise from the full exercise of options granted implies 7 per cent of the fully diluted outstanding shares. "This 7 per cent compares to less than 2 per cent holding for most other internet companies that are coming up for listing... Over the last decade, MobiKwik has grown on the strength of its employees to become a leading fintech player in India. As we cement our presence and leadership further, we wanted to acknowledge and reward our employees for their efforts," she added. The Gurgaon-based company - which has about 470 employees - had fil

MobiKwik appoints Punita Kumar Sinha, 3 others as independent directors

MobiKwik on Friday said it has appointed former Blackstone MD Punita Kumar Sinha, diplomat Navdeep Singh Suri, and two others as independent directors

Valuing growth

Start-up listings will open up opportunities

Digital payments start-up MobiKwik files for Rs 1,900-crore offering

MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday

Top headlines: June inflation eases slightly; MobiKwik eyes Rs 1,900-cr IPO

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Digital payments firm MobiKwik files draft papers for Rs 1,900-cr IPO

The IPO comprises fresh issuance of equity shares worth Rs 1,500 cr and an offer for sale of up to Rs 400 cr by promoters and existing shareholders

Digital payments start-up Mobikwik nears filing for $300-million IPO

MobiKwik plans to lodge the listing documents with the Indian securities regulator as soon as the next few days

Abu Dhabi's wealth fund picks up minority stake in Mobikwik for $20 million

UAE's sovereign wealth fund Abu Dhabi Investment Authority has picked up a minority stake in the IPO-bound digital payments player Mobikwik for nearly $20 million, valuing it at $700 million, company

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