GURUGRAM-BASED FINTECH firm MobiKwik has reduced the size of its fresh issue to ₹572 crore in its latest red herring prospectus, from the earlier ₹700 crore. The company has set a price band of ₹265 to ₹279 per share, with a minimum lot size of 53 shares.
Through this IPO, the company will likely be valued at around $250 million, which is a sharp drop from its 2021 valuation of $924 million, as per Tracxn data.
This story is from the December 07, 2024 edition of Financial Express Mumbai.
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This story is from the December 07, 2024 edition of Financial Express Mumbai.
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