{
Bipin Singh

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}

Mobikwik CEO Justifies IPO Valuation Adjustment for Investor Confidence

Mobikwik's CEO, Bipin Singh, stated that the company's IPO valuation has been adjusted by 70% from its last private round in 2021 to ensure a more stable and justifiable pricing. He emphasized the importance of aligning the IPO price with the company's long-term vision and maintaining investor confidence. This adjustment aims to make the valuation more realistic and in line with current market expectations.
Moneycontrol
Mobikwik IND Bipin Singh
Finance & Economy, Market Report
12:44 06.12.2024

MobiKwik Reduces IPO Size to 572 Crore Amid Profitability Shift

MobiKwik has reduced its IPO size from Rs 1,900 crore to Rs 572 crore, with anchor bidding set to begin on December 10 and the issue closing on December 13. Founder Bipin Preet Singh explained that the company no longer needs as much capital due to its profitability and changing market conditions. Initially filed in July 2021, the IPO size has been cut multiple times, reflecting a shift from a growth-at-all-costs strategy.
Moneycontrol
Indian Rupee Mobikwik IND Bipin Singh Bipin Preet Singh
Finance & Economy, Market Report
09:17 06.12.2024
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