Page 6 - Mobikwik
MobiKwik IPO creates Rs 300-crore windfall for its 470 employees
Fintech major MobiKwik, which has filed its draft red herring prospectus (DRHP), on Tuesday said the listing should provide a bountiful rewards to its employees through the ESOPs issued to them. The company, under its ESOP 2014 Scheme, has reserved 4.5 million equity shares for creating a pool of ESOPs for the benefit of the eligible employees. MobiKwik Chairperson, co-founder and COO Upasana Taku said the number of equity shares that would arise from the full exercise of options granted implies 7 per cent of the fully diluted outstanding shares. "This 7 per cent compares to less than 2 per cent holding for most other internet companies that are coming up for listing... Over the last decade, MobiKwik has grown on the strength of its employees to become a leading fintech player in India. As we cement our presence and leadership further, we wanted to acknowledge and reward our employees for their efforts," she added. The Gurgaon-based company - which has about 470 employees - had fil
 "MobiKwik IPO creates Rs 300-crore windfall for its 470 employees")
MobiKwik appoints Punita Kumar Sinha, 3 others as independent directors
MobiKwik on Friday said it has appointed former Blackstone MD Punita Kumar Sinha, diplomat Navdeep Singh Suri, and two others as independent directors
Valuing growth
Start-up listings will open up opportunities
 "Valuing growth")
Digital payments start-up MobiKwik files for Rs 1,900-crore offering
MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday
Top headlines: June inflation eases slightly; MobiKwik eyes Rs 1,900-cr IPO
Business Standard brings you top news of the day
 "Top headlines: June inflation eases slightly; MobiKwik eyes Rs 1,900-cr IPO")
Digital payments firm MobiKwik files draft papers for Rs 1,900-cr IPO
The IPO comprises fresh issuance of equity shares worth Rs 1,500 cr and an offer for sale of up to Rs 400 cr by promoters and existing shareholders
Digital payments start-up Mobikwik nears filing for $300-million IPO
MobiKwik plans to lodge the listing documents with the Indian securities regulator as soon as the next few days
Abu Dhabi's wealth fund picks up minority stake in Mobikwik for $20 million
UAE's sovereign wealth fund Abu Dhabi Investment Authority has picked up a minority stake in the IPO-bound digital payments player Mobikwik for nearly $20 million, valuing it at $700 million, company
Best of BS Opinion: Data breach menace, Chinese dreams of future & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Data breach menace, Chinese dreams of future & more")
Data breach menace
India needs an effective privacy law quickly
 "Data breach menace")
MobiKwik: What makes the firebrand co-founders defensive about company
The co-founders see their reliance on mostly Indian funding as a compelling USP
 "MobiKwik: What makes the firebrand co-founders defensive about company")
Data breach allegations: MobiKwik forensic audit gets moving on RBI order
Payments firm says working closely with requisite authorities to conduct independent audit
Data safe, security robust, but will do forensic audit, says MobiKwik
RBI likely to initiate independent probe
3.5 million MobiKwik users' data up for sale, company denies claim
The leak was first reported in February by security researcher Rajshekhar Rajaharia, which the company had denied at the time
MobiKwik denies KYC breach of 3.5 mn users amid IPO plans, says data 'safe'
According to the researchers, the entire database is available for 1.5 Bitcoin (nearly $84,000) on the Dark Web
Barbeque Nation Hospitality's Rs 453-crore IPO to open on Wednesday
The company will issue fresh equity worth Rs 180 crore in the maiden offering
 "Barbeque Nation Hospitality's Rs 453-crore IPO to open on Wednesday")
Top headlines: Amazon gets HC notice on Future-RIL deal; MobiKwik plans IPO
Business Standard brings you stories that made the headlines Monday: a court order on Amazon's legal fight against Future Retail to Maruti raising car prices in April.
 "Top headlines: Amazon gets HC notice on Future-RIL deal; MobiKwik plans IPO")
MobiKwik targets IPO by September, seeks to raise $200-$250 mn: Report
The Gurgaon-based company intends to hold a pre-IPO funding round that could give the startup a valuation of about $700 million
Sebi tweaks eligibility norms, paves way for fintech firms to set up AMCs
Entity can sponsor an MF even if it doesn't fulfill profitability rule; CIRP cos asked to have at least 5% public float
 "Sebi tweaks eligibility norms, paves way for fintech firms to set up AMCs")
MobiKwik raises Rs 52 cr from HT group, Kris Gopalakrishnan's family office
Fintech firm MobiKwik on Friday said it has raised Rs 52 crore in funding, led by Hindustan Media Ventures
 "MobiKwik raises Rs 52 cr from HT group, Kris Gopalakrishnan's family office")