Mobikwik gets Sebi’s all-clear for Rs 1,900-crore IPO

Digital payments firm Mobikwik has received a go-ahead from the Securities and Exchange Board of India (Sebi), for its Rs 1,900-crore ($255 million) IPO.

It is expected to launch its IPO before Diwali (November 4) and is likely to fetch a valuation of $1 billion, sources indicated.

Mobikwik was last valued at around $700 million when it raised funds in April and was eyeing a valuation of $1 billion when it filed its draft IPO papers for its public market listing.

Mobikwik is among a growing number of consumer internet firms, such as Paytm, Nykaa and PolicyBazaar, that plan to list on the stock exchanges this year.

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