Friday, 24 March, 2023

MobiKwik's IPO may go public in next financial year

<p>MobiKwik delayed its IPO by two to three months, might even push it down to the next FY.&nbsp; This is due to the company&#39;s struggle to find foreign institutional backers at the right valuation. They had filed the draft for IPO papers in July for a Rs 1900 Cr IPO. Market regulator SEBI approved the draft in Oct. The company was advised not to go ahead with its IPO as the demand from institutional investors--foreign and domestic was difficult to find.</p>