MobiKwik Revamps IPO: Fresh Focus with ₹572 Crore Issue

MobiKwik has filed its revised IPO documents with SEBI, cutting its fresh issue size to ₹572 crore from its earlier ₹1,900 crore plan. The fintech aims to use proceeds for expanding financial services, boosting payment solutions, and investing in advanced tech like AI and machine learning. This IPO will not include any offer-for-sale (OFS) by promoters. The company has shown improving financials, with reduced losses and increased profitability in recent years. With a user base of over 18 million, MobiKwik continues to strengthen its position in India’s digital payments and credit landscape.