Digital payments startup Mobikwik<\/a> on Monday filed a Draft Red Herring Prospectus (DRHP) with capital markets regulator, the Securities and Exchange Board of India, to raise Rs 1,900 crore ($255 million) through an Initial Public Offering<\/a>. The DRHP, which ET has seen, showed that about Rs 1,500 crore would be raised through a primary share sale, while the remaining will be a secondary transaction where existing investors will sell stakes.

The Gurugram-based startup, which was valued at $700 million in its previous equity funding round in April when it raised $20 million (Rs 150 crore), is eyeing a valuation of $1 billion (Rs 7,459 crore) at its public market listing, sources aware of the matter said.

The 12-year-old startup joins a growing list of consumer internet firms including Zomato, Paytm, Nykaa and
PolicyBazaar<\/a> that are eyeing stock exchange debuts this year.

The firm, founded in 2009 by Bipin Preet Singh and Upasana Taku, counts
Sequoia Capital<\/a> India, Bajaj Finance<\/a>, American Express, Cisco, and Abu Dhabi Investment Authority among its investors.

A spokesperson for Mobikwik could not immediately be reached for comments.

Mobikwik’s promoters Singh and Taku together hold 34.5% stake in the company.

Bajaj Finance owns 13.8% while Sequoia Capital India has a 17.2% stake. Bennett, Coleman and Company Limited, parent of Times Internet, owns a 1.08% stake in Mobikwik.

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“Our board has authorised the offer and the fresh issue... Our shareholders have authorised the offer pursuant to their resolution dated July 7, 2021,” Mobikwik said in the draft prospectus.

“Our company, in consultation with the book running lead managers, may consider a Pre-IPO Placement of such number of Equity Shares for cash consideration aggregating up to Rs 4,000 million, at its discretion, prior to filing of the Red Herring Prospectus with the Registar of Companies (RoC),” the company added.

Mobikwik has so far raised over $165 million, according to startup data platform Crunchbase. This includes equity and debt funding.

For the year ended March 31, 2021, its total income was down 18% to Rs 302.2 crore while losses widened to Rs 111.3 crore, the DRHP showed. The firm reported a loss of Rs 84.6 crore and Rs 141.8 crore, respectively, in FY20 and FY19. It specialises as an online wallet service for payments, cross-selling financial services products such as loans and insurance through tie-ups with financial services firms. The company recently became an aggregator of mutual funds and small-ticket credit services. Mobikwik has said previously that it has over three million merchants on its network and serves over 107 million users.
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Mobikwik文件DRHP通过IPO筹集1900卢比

12岁的启动加入越来越多的消费者互联网公司包括Zomato Paytm, Nykaa和PolicyBazaar关注今年的证券交易所上市。

Digbijay Mishra Ashwin Manikandan
  • 更新于2021年7月12日09:06点坚持

电子支付公司Mobikwik周一提交草案红鲱鱼招股说明书(DRHP)与资本市场监管机构——印度证券交易委员会,提高1900卢比(2.55亿美元)通过一个首次公开发行。DRHP,等看到,表明通过提高大约1500卢比主要售股,而剩下的将会是一个次要事务,现有投资者将出售股份。

Gurugram-based启动,在其先前的价值7亿美元的股权融资轮4月时筹集了2000万美元(150卢比),关注估值10亿美元(7459卢比)在公开市场上市,意识到说的来源。

广告
12岁的启动加入越来越多的消费者互联网公司包括Zomato Paytm, Nykaa和PolicyBazaar关注今年的证券交易所上市。

公司成立于2009年,Bipin普辛格Upasana佐藤,计数红杉资本印度,巴贾杰金融、美国运通、思科和阿布扎比投资局(Abu Dhabi Investment Authority)的投资者之一。

Mobikwik发言人没有立即就此事评论。

Mobikwik辛格的推广者和佐藤持有该公司34.5%的股份。

巴贾杰金融拥有13.8%,红杉资本印度17.2%的股权。班尼特科尔曼和有限公司,母公司的互联网,在Mobikwik拥有1.08%的股份。


“我们董事会授权提供新鲜的问题……股东依照他们的决议授权提供日期为7月7日,2021年,“Mobikwik说起草招股说明书。

“我们公司协商,这本书运行经理,可以考虑上市前放置的数量的股票现金考虑聚合40亿卢比,在其自由裁量权,之前申请的红鲱鱼招股说明书的Registar公司(RoC),”该公司说。

Mobikwik迄今为止筹集了超过1.65亿美元,据Crunchbase实际上启动数据平台。这包括股票和债券融资。

广告
2021年截至今年3月31日,其总收入下降了18%,至302.2卢比而亏损扩大至111.3卢比,DRHP显示。该公司报告的损失84.6卢比和141.8卢比,分别在FY20和FY19。它专门为在线支付钱包服务,交叉销售金融服务产品,如贷款和保险与金融服务公司建立合作关系。该公司最近成为一个共同基金和小额信贷消费时服务的聚合器。Mobikwik此前还说,它有超过三百万超过1.07亿个用户提供服务的网络和商人。

  • 发布于2021年7月12日09:03点坚持
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Digital payments startup Mobikwik<\/a> on Monday filed a Draft Red Herring Prospectus (DRHP) with capital markets regulator, the Securities and Exchange Board of India, to raise Rs 1,900 crore ($255 million) through an Initial Public Offering<\/a>. The DRHP, which ET has seen, showed that about Rs 1,500 crore would be raised through a primary share sale, while the remaining will be a secondary transaction where existing investors will sell stakes.

The Gurugram-based startup, which was valued at $700 million in its previous equity funding round in April when it raised $20 million (Rs 150 crore), is eyeing a valuation of $1 billion (Rs 7,459 crore) at its public market listing, sources aware of the matter said.

The 12-year-old startup joins a growing list of consumer internet firms including Zomato, Paytm, Nykaa and
PolicyBazaar<\/a> that are eyeing stock exchange debuts this year.

The firm, founded in 2009 by Bipin Preet Singh and Upasana Taku, counts
Sequoia Capital<\/a> India, Bajaj Finance<\/a>, American Express, Cisco, and Abu Dhabi Investment Authority among its investors.

A spokesperson for Mobikwik could not immediately be reached for comments.

Mobikwik’s promoters Singh and Taku together hold 34.5% stake in the company.

Bajaj Finance owns 13.8% while Sequoia Capital India has a 17.2% stake. Bennett, Coleman and Company Limited, parent of Times Internet, owns a 1.08% stake in Mobikwik.

\"\"
<\/span><\/figcaption><\/figure>
“Our board has authorised the offer and the fresh issue... Our shareholders have authorised the offer pursuant to their resolution dated July 7, 2021,” Mobikwik said in the draft prospectus.

“Our company, in consultation with the book running lead managers, may consider a Pre-IPO Placement of such number of Equity Shares for cash consideration aggregating up to Rs 4,000 million, at its discretion, prior to filing of the Red Herring Prospectus with the Registar of Companies (RoC),” the company added.

Mobikwik has so far raised over $165 million, according to startup data platform Crunchbase. This includes equity and debt funding.

For the year ended March 31, 2021, its total income was down 18% to Rs 302.2 crore while losses widened to Rs 111.3 crore, the DRHP showed. The firm reported a loss of Rs 84.6 crore and Rs 141.8 crore, respectively, in FY20 and FY19. It specialises as an online wallet service for payments, cross-selling financial services products such as loans and insurance through tie-ups with financial services firms. The company recently became an aggregator of mutual funds and small-ticket credit services. Mobikwik has said previously that it has over three million merchants on its network and serves over 107 million users.
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