Sebi approves MobiKwik’s plan to launch ₹1,900 crore IPO

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Capital market regulator on Friday approved digital payments firm MobiKwik’s plan to launch an initial public offering (IPO) of shares worth up to ₹ 1,900 crore ($253.41 million), a source directly aware of the matter said.

The IPO includes the issue of new shares worth ₹ 1,500 crore and an offer for sale of shares worth up to ₹ 400 crore, diluting the stakes of its two founders and current investors including Sequoia Capital, Bajaj Finance and also include American Express.

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