India, June 2 -- Listed fintech MobiKwik has sought shareholder approval to revise the utilisation of a portion of its unspent IPO proceeds and extend the timeline for deploying the remaining funds.

In a postal ballot notice issued today, the company proposed reallocating the IPO funds from existing IPO objectives to support its lending and payments businesses. It has also sought approval to extend the utilisation timeline for some of the remaining proceeds until FY27.

MobiKwik had raised Rs.572 Cr through its initial public offering in December 2024. After deducting issue-related expenses, the company received net proceeds of Rs.530.5 Cr.

As of March 31, 2026, the company had utilised Rs.348.4 Cr of the net proceeds, leaving Rs.182.2 ...