Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>The company posted losses to the tune of ₹83.81 crore for the FY23.</li><li>It’s a completely fresh issue with no offer for sale component.</li><li>The issue proceeds will be used to fund growth, tech, capex and general corporate purposes. </li></ul>Fintech One <keyword id="20054770" type="General" weightage="20" keywordseo="mobikwik" source="keywords">Mobikwik</keyword> Systems has filed a Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹700 crore for its initial public offering (<keyword id="19898327" type="General" weightage="20" keywordseo="ipo" source="keywords">IPO</keyword>). For the fiscal 2022–23, the company’s revenue from operations has increased to ₹539.47 crore against ₹526.56 crore for fiscal 2021–22. Loss for the year decreased by 34.6% from ₹128.16 crore in fiscal 2022 to ₹83.81 crore in fiscal 2023. For the six months ended September 30, 2023, revenue from operations stood at ₹381.09 crore and profit after tax stood at ₹9.48 crore. The <keyword id="19898327" type="General" weightage="20" keywordseo="ipo" source="keywords">IPO</keyword> has a face value of ₹2 is entirely a fresh issue of equity shares with no offer for sale component. The company, in consultation with the book-running lead managers, may consider a further issue of specified securities including private placement, preferential allotment, rights issue, or any other method aggregating to ₹140 crore as ‘Pre-IPO placement’. If such placement is completed, the fresh issue size will be reduced. Fresh issue to fund growth The proceeds from the fresh issue, to the extent of ₹250 crore will be used for funding growth in the financial services business, ₹135 crore for funding growth in the payment services business, ₹135 crore for investment in data, ML and AI and product and technology, ₹70.28 crore for capital expenditure for the payment devices business, and general corporate purposes. The issue is being made through the book-building process, wherein not less than 75% of the issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not more than 15% of the issue shall be available for allocation to non-institutional investors, and not more than 10% of the issue shall be available for allocation to retail individual bidders. Established by Bipin Preet Singh and Upasana Taku, the fintech caters to businesses and merchants. It has extensive payments and financial services like online checkout, Kwik QR scan and pay, <keyword id="20054770" type="General" weightage="20" keywordseo="mobikwik" source="keywords">MobiKwik</keyword> Vibe (Soundbox), MobiKwik <keyword id="20076789" type="General" weightage="20" keywordseo="edc-machine" source="keywords">EDC Machine</keyword>, and Merchant Cash Advance. Its subsidiary <keyword id="20076790" type="General" weightage="20" keywordseo="zaakpay" source="keywords">Zaakpay</keyword> operates a B2B payment gateway for e-commerce businesses and has received RBI approval for its Payment Aggregator (PA) business. MobiKwik provides consumers access to various payment options and financial products in digital credit, investments, and insurance has acquired approximately 18.29 million new users every year, between Fiscal 2021 and September 30, 2023. As of September 30, 2023, the company has amassed 146.94 million registered users and enabled 3.81 million merchants to conduct online and offline payments. Its Payment GMV has grown annually by 32.33%, while MobiKwik ZIP GMV (Disbursements) surged by 354.86% from Fiscal 2021 to Fiscal 2023. As per RedSeer, the company's commitment to growth through cost-effective, technology-driven innovations is evident in its array of scaled products and its ability to maintain one of the lowest employee cost-to-revenue ratios among digital financial service platforms in Fiscal 2023. SBI Capital Markets and DAM Capital Advisors are the book-running lead managers for the IPO, and Link Intime India Private is the registrar of the offer. The equity shares are proposed to be listed on the BSE and NSE.

Mobikwik replans market debut with plans of raising ₹700 crore

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">BrookfieldA rendering of the Manhattan West development.</div></div></div>New York is making a real play for <a href="http://markets.businessinsider.com/stock/AMZN-Quote">Amazon</a>.The city's Economic Development Corporation said on Wednesday that it had received proposals from 23 different neighborhoods who are eager to host Amazon. "No other city in North America has the space, the ingenuity, or the energy that we can offer Amazon," Deputy Mayor Alicia Glen <a href="https://www.nycedc.com/press-release/new-york-city-receives-more-two-dozen-proposals-new-amazon-hq-totaling-over-50-million">said in a statement</a>.On Septemer 15, NYC's EDC solicited submissions for places around the city where Amazon could call home. It will now go through the submissions and choose one to send to Amazon when bids are due on October 19.One of the contenders is likely the Industry City complex in Brooklyn, which is set to expand its space with its sights set on Amazon, <a href="https://therealdeal.com/2017/09/27/industry-city-owners-apply-for-rezoning-with-amazon-in-its-sights/">the development's CEO, Andrew Kimball, told The Real Deal</a>.Amazon is currently <a href="http://www.businessinsider.com/amazon-headquarters-cities-in-a-bidding-war-2017-9">searching for the site</a> of its second headquarters, which the company has promised will be as big as its current home in Seattle. Amazon said it would invest $5 billion in the construction of its new headquarters, and it hopes to eventually house 50,000 staff members there.Nearly every city in the US and Canada that qualifies <a href="http://www.businessinsider.com/amazon-headquarters-cities-in-a-bidding-war-2017-9">has said</a> it has made or is considering making a bid. New York officials <a href="http://www.businessinsider.com/new-york-city-wants-amazon-2017-9">have said</a> that in lieu of offering financial incentives, they plan to leverage the city's desirability in a push to appeal to Amazon. The ecommerce giant also <a href="http://www.businessinsider.com/amazon-hiring-2000-people-for-new-nyc-office-2017-9">just announced plans</a> to open a new office in the Manhattan West megadevelopment. The company is leasing 360,000 square feet there, with space for its advertising, Amazon Fashion, and Amazon Web Services teams.The company also recently announced it would build its <a href="http://www.businessinsider.com/amazon-building-fulfillment-center-new-york-city-2017-9">first</a> <a href="http://www.businessinsider.com/amazon-warehouse-locations-in-us-2017-9">fulfillment center</a> in the city, in Staten Island, where it would hire 2,250 employees. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/bodega-startup-ex-google-mocked-twitter-corner-store-backlash-2017-9">Ex-Google employees created a vending machine to replace corner stores - and the idea is being mocked all over Twitter</a></h3> <div> </div> </div>

Amazon's $5 billion headquarters battle has neighborhoods across New York all fired up

You Searched For "edc machine" and got 2 results

Mobikwik replans market debut with plans of raising ₹700 crore

BI India Bureau

Amazon's $5 billion headquarters battle has neighborhoods across New York all fired up

Dennis Green

Popular Keywords

Buying Guides