TryGOLD- Free

Don't need same level of capital we once did, says CEO
Financial Express Delhi|December 07, 2024
Don't need same level of capital we once did, says CEO
- FE BUREAU

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 Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Don't need same level of capital we once did, says CEO
Gold Icon

This story is from the December 07, 2024 edition of Financial Express Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS DELHIView All
Financial Express Delhi

A win-win solution

● Platform becomes match-maker for India Inc & startups

time-read
2 mins  |
January 06, 2025
Financial Express Delhi

No need to run an air purifier and room heater at the same time

● It heats in winter and purifies indoor air all year round

time-read
2 mins  |
January 06, 2025
Financial Express Delhi

Track kids' location in real-time

A 4G smartwatch with large display and GPS tracking

time-read
1 min  |
January 06, 2025
Financial Express Delhi

Readying talent for the AI era

● GenAI industry to add 1 million new jobs by 2028

time-read
2 mins  |
January 06, 2025
Financial Express Delhi

Man magnet: Is this the most handsome bike in India?

Those twin parking lights that look like jet engines of Messerschmitt Me 262, that calligraphy on the sides where it says 'Goan Classic', those whitewall tyres, and those raised handlebars... if all this isn't art on wheels, what is?

time-read
2 mins  |
January 06, 2025
Financial Express Delhi

A handy tool to make your voice louder

● Simple plug and play design adds to its ease of use

time-read
1 min  |
January 06, 2025
Financial Express Delhi

Bridging brands & beliefs

●Digital and legacy firms are jostling to use the opportunity

time-read
2 mins  |
January 06, 2025
Financial Express Delhi

'Oral care has lagged in premiumisation'

Please take us through the technology input in your latest oral health campaign.

time-read
2 mins  |
January 06, 2025
Financial Express Delhi

Reform agriculture

FROM PLATE TO PLOUGH 2025 OFFERS A GOLDEN OPPORTUNITY POLITICALLY FOR THE MODI GOVT TO OVERHAUL THE SYSTEM

time-read
4 mins  |
January 06, 2025
Financial Express Delhi

A step forward, but not without concerns

The draft rules of the data protection law, if retained as is, could present hurdles for implementation, require businesses to make expensive adjustments

time-read
3 mins  |
January 06, 2025

We use cookies to provide and improve our services. By using our site, you consent to cookies. Learn more