In what will be its second attempt at going public, One MobiKwik Systems – parent company of fintech firm MobiKwik – on Friday filed a fresh draft red herring prospectus with Sebi to raise Rs 700 crore through a fresh issue of shares. The size of the proposed IPO is over 50% lower than previous issue which was planned at Rs 1,900 crore. IPO does not have an offer for sale component. In 2021, it had attempted to get listed on bourses but stalled its IPO plans on back of choppy markets and dismal market debut by bigger peer Paytm.
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