Mobikwik, the popular payment platform, has received final approval from the Securities and Exchange Board of India (SEBI) to raise Rs 700 crore through an Initial Public Offering (IPO). The Gurugram-based company refiled its IPO documents in January this year, and now it is all set to go public. Key Details of the IPO The IPO will consist solely of a fresh issue of equity shares, meaning there is no offer-for-sale component. Mobikwik also mentioned that it might consider additional ways of raising funds, such as private placement, preferential allotment, or rights issues. These could bring in up to Rs

In 2024, a wave of innovative tech startups such as Go Digit, TBO Tek, Awfis, Ola Electric, FirstCry, ixigo, and Unicommerce have made their debut on stock exchanges. Additionally, major players like Swiggy, Ecom Express, and Zappfresh are gearing up for their own market launches in the near future. With many startups poised to go public this year and next, Inc42’s IPO tracker is here to keep you informed about the latest developments in their market entry plans. It’s a vibrant spring for startup IPOs! After a quiet period in 2022 and 2023—marked by geopolitical issues, a challenging funding environment,

Ather Energy filed for an IPO, aiming to raise Rs 3,100 crore through fresh equity and an offer for sale. Backed by Hero MotoCorp, GIC, and others, Ather plans to use the funds for factory expansion, R&D, and debt repayment. The company posted Rs 339 crore revenue in Q1 FY25.

US Investor Baron Capital has valued Swiggy at $14.74 billion as of June 2024, a slight dip from $15.1 billion in March due to rupee depreciation. As Swiggy gears up for its $1.25 billion IPO, the company faces financial challenges, including a $1,600 crore loss in FY24’s first three quarters.

Logistics firm Ecom Express has filed its draft red herring prospectus with SEBI for an IPO, seeking to raise Rs 2,600 crore. The offering includes a fresh issue of Rs 1,284.5 crore and an OFS of Rs 1,315.5 crore. The company plans to utilize the funds to expand its operations.

Logistics firm Ecom Express has gained board approval for an IPO worth Rs 2,600 crore, comprising a Rs 1,284 crore fresh issue and a Rs 1,316 crore offer for sale. Major investors like Warburg Pincus are expected to participate. The company previously delayed an IPO in 2022.