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.

— Filed Tue, 2 Jun, 2026, 21:00 IST · Source Inc42 · Updated

MobiKwik seeks shareholder nod to reallocate ₹98 Cr of unspent IPO proceeds toward lending and payments subsidiaries, extend deployment to FY27, and amend MoA for payment aggregator business after RBI's in-principle PA-P licence approval.

Why this matters

MobiKwik is reallocating IPO proceeds toward higher-priority bets in lending (MDSPL) and payments (Zaakpay), aligning capital deployment with its newly secured RBI in-principle PA-P approval.

Retail-company signals steady at 1,682 over the last 90 days.

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