Sebi nod for Mobikwik IPO

Mobikwik has received regulator Sebi’s approval to launch an initial public offering, through which it plans to raise up to ~1,900 crore. The company had filed the Draft Red Herring Prospectus (DRHP) for the IPO with Sebi in July. Out of the total, ~1,500 crore will be mopped up through fresh issue of shares, while ~ 400 crore-worth stocks will be offloaded through the OFS route by existing shareholders.