Indian monetary providers startup MobiKwik seeks to boost about $84.2 million by way of subject of recent shares in an preliminary public providing within the residence market, it stated in a draft prospectus filed with the native markets regulator Friday.
That is the second time MobiKwik has filed the paperwork for an IPO. The startup, backed by Peak XV and Abu Dhabi Funding Authority, initially sought to boost about $250 million by way of sale of recent and present shares in 2021, however deterred the plans after the market situations worsened.
The 15-year-old startup, based by husband-wife duo Bipin Singh and Upasana Taku, doesn’t plan to promote any present shares within the IPO, in keeping with the brand new prospectus. It does plan to boost about $16 million in a pre-IPO spherical, it stated.
SBI Capital and DAM Capital are the lead ebook operating managers for the IPO course of, the prospectus stated.
MobiKwik is the newest Indian startup that’s seeking to go public this yr. Ola Electrical and FirstCry filed their draft prospectus for his or her preliminary public choices final month.
Extra to comply with.
