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| Today
we put some light on one of the most anticipated Fintech, Mobikwik's
initial public offering that is on cards, its Shareholding structure.and
who might dillute their holdings in the much awaited IPO. |
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| | - The company is looking to raise INR 1,900 Cr from the public market through a mix of issuing fresh share and offer for sale.
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The founders of the company along with American Express, Sequoia Capital, Tree Line Asia are to dillute their holdings. -
The founders, Bipin Preet Singh and Upasana Rupkrishan Taku hold a total of 34.51% stake in their startup.
Mobikwik was founded in 2009 by Bipin Preet Singh and his wife Upasana Tak, as
a digital wallet but gradually forayed into a horizontal fintech
platform that now offers services such as credit, insurance, and gold
loans among others. The startup was last valued at $700 Mn after it
raised $20 Mn (INR 150 Cr) in June this year from Abu Dhabi Investment
Authority (ADIA). As per the DRHP,
Mobikwik’s revenue from operations fell by 18.7% to INR 288.5 Cr in FY21
from INR 355.6 CR in the previous year (FY20). The company posted a
total income of INR 302 Cr in the March ended financial year, a drop of
18% from INR 369 Cr that was recorded in FY 20. As
per the DRHP filing, American Express will be offloading its shares up
to INR 9.9 Cr, whereas Bajaj Finance will offer equity shares worth up
to INR 68.9 Cr for sale. Cisco Systems and Sequoia to offload shares
worth up to INR 11 Cr and INR 94 Cr respectively. Treeline Asia will
offer for sale of shares worth up to INR 24 Cr. The founders will be
offloading the most as Singh will be offloading shares worth INR 111 Cr
whereas Taku will offer for sale worth up to INR 78 Cr. | | | | | | |
| | We would love to hear what you think about the IPO or if you want to discuss on the same. We are all ears!! | | | | | | |
| | Do check out our new website here. | | | | | | |
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| | Here are some IPO and other relevant news updates for unlisted - private equity companies below - | | | | | | |
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| | | | Paytm allots stock worth Rs 189 Cr to former and existing staff before IPO | | | Digital
payments firm Paytm has allotted equity shares to its 166 former and
current employees following the exercise of ESOPs held by them. According
to Paytm’s regulatory filings, the company has allotted 10,11,582
equity shares to the employees who have submitted the application for
exercising the options vested to them under ESOP Scheme 2008 and ESOP
Scheme 2019. | | | | |
| | | | | | Reliance Retail's open offer for Just Dial shareholders to start on Sep 13 | | |
Reliance Retail Ventures Ltd's open offer for the shareholders of Just
Dial to buy an additional 26 per cent stake in the company will commence
on September 13 and close on September 24, according to a regulatory
filing.
Earlier this month, RRVL had announced the acquisition of
40.95 per cent stake in Just Dial for Rs 3,497 crore and said it will
make a public announcement for an open offer for acquiring up to 2.17
crore equity shares of Just Dial (representing 26 per cent share in the
company).
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| | | | Tata Technologies ready for inorganic growth to scale up operations | | | Tata
Technologies, an engineering services and product development IT
services company, expects strong growth in the next 3-5 years as its new
Bengaluru facility scales up operations, its chief executive said. The
company, 74 percent owned by Tata Motors, India’s third largest
carmaker, is looking at both organic and inorganic growth prospects, its
Managing Director and CEO Warren Harris told Moneycontrol. | | | | |
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| | | | | | | Thanks to PLI scheme, mobile phone exports surge 250% | | | 24The
export of mobile phones from India grew by a massive 250 per cent
year-on-year in the April-June quarter of FY22, thanks to the
production-linked incentive (PLI) scheme. According
to data released by the India Cellular and Electronics Association,
mobile exports in the June quarter of FY22 climbed to ₹4,600 crore, a
250 per cent jump from ₹1,300 crore in the June quarter of the previous
year. | | | | | | | | | |
| | | | Debt reduced significantly, management working on bringing firm back on track: Coffee Day Enterprises | | |
Coffee Day Enterprises Ltd (CDEL) said it has reduced debt
"significantly" and the management is putting its best efforts to get
back the company on track. According to its latest annual report, CDEL's
net debt as on March 31, 2021 was Rs 1,731 crore.
"The total
loan funds stood at Rs 1,779 crore which comprises of long-term
borrowings of Rs 1,263 crore and short-term borrowings of Rs 516 crore,"
it said.
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| | | | Tata Technologies ready for inorganic growth to scale up operations | | | Tata
Technologies, an engineering services and product development IT
services company, expects strong growth in the next 3-5 years as its new
Bengaluru acility scales up operations, its chief executive said. The
company, 74 percent owned by Tata Motors, India’s third largest
carmaker, is looking at both organic and inorganic growth prospects, its
Managing Director and CEO Warren Harris told Moneycontrol. | | | | |
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| | Further,
to discuss any of the 75+ Unlisted/Pre-IPO/Startup/Rare Equity Shares
we deal in, feel free to get in touch regarding the same. We are always delighted to help. Drop us a Whatsapp text if you want to receive our regular recommendations list!
Regards,
Sandip Ginodia | | | | | | |
| |
| | | | Forbes: Investing in hidden tech gems | | | Technology
is emerging as one of the favorite sectors for retail and institutional
investors in the unlisted, private market space, as they bet on
sustained growth. | | | | |
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| | | | Business India: Paytm Super App | | | Covering simple mobile top-ups to critical money transactions Paytm has emerged as a big dad of financial inclusion. | | | | |
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