The issue is set to open on December 11 and will close on December 13.
The fintech is seeking a valuation of around $250 million through the listing, a big discount to its last private valuation of around $924 million that it commanded in 2021, as per data from Tracxn.
In January this year, MobiKwik had filed its draft papers for an IPO seeking to raise Rs 700 crore. The issue was much smaller than its initial plan to raise Rs 1,900 crore three years ago, when it had made the first attempt to go public.
As of June this year, MobiKwik reported 161 million registered users. For the June quarter its operational revenue stood at Rs 170.7 crore with almost 50% of its revenue coming from financial services.
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In its IPO prospectus, the company said it is securing fresh funds to grow its payments and financial services business. It also plans to invest in its technology stack to improve its processes and pump capital into its hardware devices business.
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MobiKwik’s subsidiary entity Zaakpay has an in-principle approval from the Reserve Bank of India to operate as a payments aggregator.
