Indian payments firm MobiKwik to go public later than initially planned | Reuters

Indian payments firm MobiKwik to go public later than initially planned | Reuters

Indian payments firm MobiKwik will carry out an initial public offering later than initially planned, its CEO said on Tuesday, following the dismal market debut of larger rival Paytm (PAYT.NS) earlier this month.

In India's largest-ever IPO, digital payments start-up Paytm made one of the worst major Indian stock market debuts as its shares fell more than 27%. read more

"We did want to have it (the IPO) around November," founder and CEO Bipin Preet Singh told Reuters. "We have a one-year window, from October, to list and obviously we will do it when we feel that we are going to have a successful IPO."

"We don't do it based on bravado, based on being aggressive and hopeful. You create maximum opportunity for success because you do this one time in the history of the company so you want it to be successful."