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Mobikwik Sets IPO Price Band and Reduces Size Ahead of December Listing

Mobikwik has set a price band of Rs 265-279 per share and reduced its IPO size for the third time, now aiming for a listing on December 18. The company plans to raise funds for growth in financial services, payment expansion, and R&D in AI and technology, following a revenue increase to Rs 875 crore for FY24. With 161.03 million users and a 23.11% market share in India's PPI wallet sector, Mobikwik continues to diversify its offerings beyond digital wallets.
Moneycontrol
Indian Rupee Mobikwik IND Upasana Taku Bipin Preet Singh
Finance & Economy, Market Report
04:12 06.12.2024

MobiKwik prepares for public listing led by co-founder Upasana Taku

Upasana Taku, co-founder of MobiKwik, is a key player in India's fintech sector, leading one of the largest digital payment platforms. Established in 2009, MobiKwik aims to enhance financial inclusion through mobile transactions and is set to make a ₹700-crore public listing, marking it as the only profitable fintech entering the market this year.
Moneycontrol
Indian Rupee MobiKwik IND Upasana Taku
Finance & Economy, Market Report
13:27 27.11.2024
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