Key Points
The issue size is reduced by 63% from earlier in the current prospectus to Rs 700 crore..
About 75% of the issue will be available for allocation on a proportionate basis to qualified institutional buyers, 15% to non-institutional investors, and 10% to retail investors.Agencies..
The company, in consultation with the book-running lead managers, may consider a pre-IPO placement through the issue of shares worth Rs 140 crore..
The proceeds from the fresh issue will be used for funding growth in the financial services business, payment services business, investments in various products and tech, capital expenditure, and general corporate purposes...
It caters to businesses and merchants with extensive payments and financial services such as online checkout, Kwik QR scan and pay, MobiKwik Vibe (Soundbox), MobiKwik EDC Machine, and Merchant Cash Advance...
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