Tue Dec 10 04:31:18 UTC 2024: ## Mobikwik Systems to Launch ₹572 Crore IPO

**Gurugram-based digital payments company Mobikwik Systems is set to launch its initial public offering (IPO) on December 11th.** The IPO will be open to retail investors until December 13th, giving them a three-day window to participate.

The company has fixed the price band at ₹265-₹279 per share. A lot consists of 53 shares, requiring a minimum investment of ₹14,787 for retail investors. The IPO aims to raise ₹572 crore through the issuance of 2.05 crore fresh shares. At least 75% of the IPO will be reserved for Qualified Institutional Buyers (QIBs), with a maximum of 10% allocated for retail investors and 15% for non-institutional investors.

Mobikwik reported a profit of ₹14.08 crore in FY24, marking a turnaround after 15 years of losses. The company incurred a loss of ₹83.81 crore in FY23, with revenue of ₹540 crore, compared to ₹875 crore in FY24.

SBI Capital Markets Limited and DM Capital Advisory Limited are the book running lead managers, while Link Intime India Private Limited is the registrar. The company’s shares are proposed to be listed on both the BSE and NSE.

**Disclaimer:** *This is not investment advice. The stock market is subject to risks. Consult with experts before making any investment decisions.*

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