MobiKwik cuts issue size for third time, sets price band at Rs 265-279

Fintech firm MobiKwik is all set to launch its initial public offering (IPO) on December 11.

The company has cut down its IPO size for the third time since it floated its listing plans three years back to Rs 572 crore from its 2021 plans of raising Rs 1,900 crore from the market.

The IPO is entirely a fresh issue and there is no offer-for-sale component. The fintech company has set the price band at Rs 265-279 per share.