MobiKwik Sets Price Band of Rs 265-279 Per Share; Reduces IPO Size for Third Time

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New Delhi: Digital payment platform MobiKwik has announced the price band for its Initial Public Offering (IPO), setting it at Rs 265 to Rs 279 per share. The company has also decided to reduce the size of its offering for the third time, signaling a cautious approach to its much-anticipated market debut.





The fintech giant, which plans to raise funds for its business expansion and to strengthen its capital base, initially aimed for a much larger IPO but has progressively scaled down the issue size in response to market conditions.

The revised offering will now raise significantly less capital than originally planned, with MobiKwik cutting its IPO size by around 25% from earlier estimates. Despite this reduction, the company remains optimistic about attracting investors with its compelling business model, which focuses on mobile wallets, digital payments, and lending services.

MobiKwik’s decision to trim the IPO size highlights the cautious sentiment prevailing in the market, as investors weigh broader economic concerns and volatile market conditions. The company’s IPO is expected to go live soon, with a detailed schedule and more information on the issue soon to be disclosed.

The move marks a critical point in MobiKwik’s journey, as it seeks to expand its customer base and enhance its product offerings while navigating the challenges of public market listings.

Investors are closely monitoring the development as MobiKwik’s IPO could offer a unique opportunity in the rapidly growing digital payments sector.

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