Startup Raises INR 257 Cr From Anchor Investors

MobiKwik has raised INR 257.40 Cr by allotting 92.25 Lakh shares at INR 279 apiece to 21 anchor investors

Overall, 49.27 Lakh equity shares, or 53.42% of the allotted shares, were lapped up by six domestic mutual funds

MobiKwik’s IPO will open on Wednesday (December 11) and close on Friday (December 13)

Fintech company MobiKwik has raised INR 257.40 Cr by allotting 92.25 Lakh shares at INR 279 apiece to 21 anchor investors, including Morgan Stanley, SBI, Whiteoak, HDFC Mutual Fund, Axis Mutual Fund, among others. 

Overall, 49.27 Lakh equity shares, or 53.42% of the allotted shares, were lapped up by six domestic mutual funds. SBI and Quant Mutual Fund nabbed the biggest pieces of the anchor investment round, getting 14.33 Lakh shares for INR 39.99 Cr each. 

Meanwhile, HDFC Mutual Fund got 11.64 Lakh shares of MobiKwik through its three funds –  HDFC Multicap Fund, HDFC Banking and Financial Services Fund and HDFC Non Cyclical Consumer Fund. 

MobiKwik’s IPO will open on Wednesday (December 11) and close on Friday (December 13).

(The story will be updated soon.)