{"id":885165,"date":"2024-12-07T07:45:28","date_gmt":"2024-12-07T02:15:28","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=885165"},"modified":"2024-12-07T07:54:47","modified_gmt":"2024-12-07T02:24:47","slug":"mobikwik-trims-ipo-size-from-rs-700-crore-to-rs-572-crore","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/07\/mobikwik-trims-ipo-size-from-rs-700-crore-to-rs-572-crore\/","title":{"rendered":"MobiKwik trims IPO size from Rs 700 crore to Rs 572 crore"},"content":{"rendered":"<p>Gurugram-based fintech firm MobiKwik has reduced the size of its fresh issue to Rs 572 crore in its latest red herring prospectus, from the earlier Rs 700 crore, and set a price band of Rs 265 to Rs 279 per share, with a minimum lot size of 53 shares. <\/p>\n<p>Through this IPO, the company will likely be valued at around $250 million, which is sharp drop of its 2021 valuation of $924 million, as per Tracxn data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gurugram-based fintech firm MobiKwik has reduced the size of its fresh issue to Rs 572 crore in its latest red herring prospectus, from the earlier Rs 700 crore, and set a price band of Rs 265 to Rs 279 per share, with a minimum lot size of 53 shares. Through this IPO, the company will likely be valued at around $250 million, which is sharp drop of its 2021 valuation of $924 million, as per Tracxn data.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-885165","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/885165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=885165"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/885165\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=885165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=885165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=885165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}