The fintech unicorn MobiKwik has submitted revised draft papers to the SEBI for an initial public offering (IPO), seeking to raise ₹700 crore through the issuance of new shares. Additionally, there is a target to secure ₹140 crore in pre-IPO placement, potentially impacting the final size of the fresh issue. MobiKwik had originally filed papers in 2021 to raise ₹1,900 crore but postponed the plans due to deteriorating market conditions.
