Payments firm Mobikwik gets Indian regulator's approval for $253m IPO

Payments firm Mobikwik gets Indian regulator's approval for $253m IPO

REUTERS/Danish Siddiqui - RTS8IIZ

Payments firm One MobiKwik Systems Ltd has received markets regulator Securities and Exchange Board of India’s approval for its 1,900 crore initial public offering (IPO), a person aware of the development told Mint.

With Sebi’s approval in hand, the company can look to launch its IPO as early as the end of this month or early next month, the person cited above said.

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