<p>Digital payments firm Mobikwik, backed by Sequoia Capital and India’s Bajaj Finance, filed for an initial public offering (IPO) worth up to 19 billion rupees ($255 million) with the markets regulator on Monday.</p>.<p>The IPO includes the issue of new shares worth 15 billion rupees and an offer for sale of shares worth up to 4 billion rupees, diluting the stakes of its two founders and current investors, which also include American Express, Cisco and Treeline Asia.</p>.<p>Mobikwik has hired ICICI Securities, BNP Paribas, Credit Suisse, IIFL Securities and Jefferies as book managers for the IPO.</p>.<p>One97 Communications Ltd, the parent of digital payments firm Paytm, Mobikwik's bigger rival, is also planning to raise $2.3 billion via an IPO, sources previously told <em>Reuters</em>.</p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>Digital payments firm Mobikwik, backed by Sequoia Capital and India’s Bajaj Finance, filed for an initial public offering (IPO) worth up to 19 billion rupees ($255 million) with the markets regulator on Monday.</p>.<p>The IPO includes the issue of new shares worth 15 billion rupees and an offer for sale of shares worth up to 4 billion rupees, diluting the stakes of its two founders and current investors, which also include American Express, Cisco and Treeline Asia.</p>.<p>Mobikwik has hired ICICI Securities, BNP Paribas, Credit Suisse, IIFL Securities and Jefferies as book managers for the IPO.</p>.<p>One97 Communications Ltd, the parent of digital payments firm Paytm, Mobikwik's bigger rival, is also planning to raise $2.3 billion via an IPO, sources previously told <em>Reuters</em>.</p>.<p><strong>Check out DH's latest videos:</strong></p>