MobiKwik, which counts Bajaj Finance, Sequoia Capital and Abu Dhabi Investment Authority as its backers, in October won market regulator SEBI's approval to launch a $255 million IPO.
Paytm’s market debacle is unlikely to cast a chill over the frenzied initial public offering market, though it may temper the valuation expectations of money-losing companies that are set to go public
Paytm, one of India’s biggest digital payment platforms failed to show its magic on the day of its debut at the stock market as its share crashed 27 per cent. Going by the data, IPOs of companies with issue size above Rs 1,000 crore in the last 15 years, Paytm’s IPO which was the country’s largest-e