Mobikwik files DRHP for IPO with SEBI

Mobikwik has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). Mobikwik plans to raise 700 crore via fresh issue of equity shares, there is no offer for sale (OFS) component. The company may carry out a pre IPO placement worth up to 140 crore after consulting with the book running lead manager (BRLMs), as mentioned in the DRHP.

SBI Capital Markets Limited and DAM Capital Advisors Limited are the IPO's BRLMs. The issue's registrar is Link Intime India Private Limited. (more to come) Livemint tops charts as the fastest growing news website in the world to know more. Unlock a world of Benefits! From insightful newsletters to real time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away!.