Mobikwik defers its Rs 1,900 cr IPO, says will list at ‘the right time’

Payments firm MobiKwik has pushed back its plan of a public listing to a later date. The company that had received Sebi clearance for its listing on October 7, had initially planned to list in November.

MobiKwik, whose business model is similar to fintech player Paytm, had filed its paper to raise Rs 1,900 crore via an initial public offering (IPO). When contacted the company declined to comment directly on the delaying of its IPO plans but in an official statement said: “The company is witnessing a strong business growth, has a clear path to profitability and will list at …