News > SEBI clears the decks for Mobikwik’s Rs 1,900 crore IPO 

SEBI clears the decks for Mobikwik’s Rs 1,900 crore IPO 

MobiKwik has gotten markets controller Sebi’s endorsement to dispatch the first sale of stock, through which it intends to raise up to Rs 1,900 crore. MobiKwik had recorded the Draft Red Herring Prospectus for the Initial Public Offering with Sebi in July.

Out of the aggregate, Rs 1,500 crore will be wiped up through new issue of offers, while Rs 400 crore-worth stocks will be offloaded through the Offer-available to be purchased course by existing investors.