MobiKwik seeks nod to redirect ₹98 Cr unspent IPO funds to lending, payments arms

MobiKwik wants shareholders to greenlight rerouting ₹60.85 Cr to lending sub MDSPL and ₹33.65 Cr to its payments business, while extending ₹25.26 Cr deployment to FY27. Move follows RBI's in-principle PA-P nod for Zaakpay and signals a pivot deeper into regulated payments infrastructure.

— Source publishedTue, 2 Jun, 2026, 20:55 IST·First seen Tue, 2 Jun, 2026, 20:59 IST·Source Inc42

What happened

Mobikwik · MobiKwik seeks shareholder nod to reallocate ₹98 Cr of unspent IPO proceeds toward lending and payments subsidiaries, extend deployment to FY27, and

Key facts

  • ₹572 Cr IPO
  • ₹530.5 Cr net proceeds
  • ₹348.4 Cr utilised
  • ₹182.2 Cr unspent
  • ₹60.85 Cr to MDSPL
  • ₹33.65 Cr to payments
  • ₹25.26 Cr extended to FY27
  • ₹261.4 Cr LSP revenue
  • 22.7% revenue share

Why this matters

RBI's in-principle PA-P nod for Zaakpay plus deepening capital in MDSPL positions MobiKwik as a more credible counterparty for payments partnerships and potential lending co-origination deals.

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