The Mobikwik IPO, opening today, has generated strong interest, with its grey market premium (GMP) surging 49% over its issue price, reflecting robust demand in the unlisted market. The IPO price band is ₹180-₹190 per share, targeting to raise ₹700 crores. The proceeds are intended to expand Mobikwik’s digital financial services platform and improve its financial health.
Source:- bbc news
While the GMP indicates positive sentiment, investors should evaluate risks like the company’s financial performance. Mobikwik reported a loss in recent fiscal years, though it is positioned in the growing digital payments sector. Industry experts suggest cautious participation for those with a high-risk appetite, focusing on long-term growth prospects.
Source:- news 18
For safer investment, consider diversifying your portfolio and analyzing other IPOs in the market.
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