MobiKwik, a digital payment firm, launches its IPO on Dec. 11, aiming to raise ₹572 crore amid a net loss.

MobiKwik, a digital payments firm, is launching its IPO on December 11 with a price band of ₹265-279 per share, aiming to raise ₹572 crore. The company reported a net loss of ₹6.6 crore in Q1 of FY24-25 compared to a profit of ₹3 crore in the same period last year. MobiKwik plans to use the funds for organic growth, R&D investment, and capital expenditures. The company serves over 161 million users and 4.26 million merchants.

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