SEBI approves MobiQuick plan to launch Rs 1,900 crore IPO: report

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SEBI approves MobiQuick plan to launch Rs 1,900 crore IPO: report

The capital market regulator on Friday approved plans to launch an initial public offering (IPO) of up to Rs 1,900 crore ($ 253.41 million) in shares to digital payment company MobiQuick.

The IPO will include the issuance of new shares worth Rs 1,500 crore and an offer to sell shares worth Rs 400 crore, removing the shares of its two founders and current investors, including Sequoia Capital, Bajaj Finance and American Express.

Mobiquick did not immediately respond to a request for comment.



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