MOBIKWIK IPO RELISTED AT 37% OF INITIAL ISSUE

In what will be its second attempt at going public, One MobiKwik Systems - the parent company of fintech firm MobiKwik - on Friday filed a fresh draft red herring prospectus with Sebi to raise Rs 700 crore through a fresh issue of shares. The size of the proposed IPO is over 50% lower than the previous issue which was planned at Rs 1,900 crore. The IPO does not have an offer for sale component. The company said that it may undertake a pre-IPO placement worth up to Rs 140 crore.

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