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MobiKwik IPO: Check out 4 key metrics and comparisons with peers
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₹700 crore through its IPO. The company has scaled back its IPO from ₹1,900 crore.
The MobiKwik IPO is a completely new equity share offering that does not include an offer for sale (OFS) component. From the proceeds of the fresh issue, a total of ₹250 crore will be used to finance the growth of the financial services industry, ₹135 crore to finance the growth of the payment services industry, ₹135 crore to finance investments in data, machine learning, artificial intelligence, and other products and technology, ₹70.28 crore to finance capital expenditures for the payment devices industry, and general corporate purposes.
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