Mobikwik IPO is with a face value of Rs 2 is entirely a fresh issue of equity shares with no offer for sale component.
The proceeds from the fresh issue, to the extent of Rs 250 crore will be used for funding growth in the financial services business, Rs 135 crore for funding growth in the payment services business, Rs 135 crore for investment in data, ML and AI and product and technology, Rs 70.28 crore for Capital expenditure for the payment devices business, and general corporate purposes.
DRHP Link: https://www.sbicaps.com/storage/2023/12/One-Mobikwik-Systems-Limited-_DRHP.pdf
