Indian financial services company MobiKwik is seeking to raise about $84.2 million by issuing new shares in an initial public offering in the local market, it said in a draft prospectus submitted to the local markets regulator on Friday.
This is the second time MobiKwik has filed paperwork for an IPO. The startup, backed by Peak
The 15-year-old startup, founded by husband-wife duo Bipin Singh and Upasana Taku, does not plan to sell any existing shares in the IPO, according to its new prospectus. It added that it plans to raise about $16 million in a pre-IPO round.
The prospectus said that SBI Capital and DAM Capital are the lead managers to manage the IPO.
MobiKwik is the latest Indian startup looking to go public this year. Ola Electric and FirstCry filed the draft prospectus for their initial public offering last month.
More to follow.