Mobikwik secures Rs 257.4 crore from anchor investors ahead of IPO
11 Dec 2024, 04:28 PMAround 21 funds invested through the anchor placement round, including around 10 domestic funds.
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Payments major One Mobikwik Systems has raised Rs 257.4 crore from anchor investors, the company reported to the stock exchanges in a filing today.
The company said that it had allocated 9.2 million shares at Rs 279 apiece. Around 21 funds invested through the anchor placement round, including around 10 domestic funds.
Of the total amount raised, domestic investors accounted for Rs 137.4 crore.
The major investors include the likes of SBI Mutual Fund, Quant Mutual Fund, HDFC Mutual Fund, Whiteoak Capital and others.
Of the total allocation of 9.2 million equity shares to the anchor investors, 4.9 million equity shares, that is, around 53.4% of the total allocation, went to six domestic mutual funds, the company said in its filings.
Gurugram-based Mobikwik is set to go through the initial public offer (IPO) process between December 11 and 13.
The fintech is looking to raise Rs 572 crore through its public listing. The company said that it will use the fresh proceeds to grow its business and invest in its technology stack and hardware business.
Also, read everything about MobiKwik IPO in Charts and why its financial services play deserves attention.
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