1 week, 5 days ago
Mobikwik IPO open for bidding: Subscribe or skip? Check latest GMP
India TodayThe initial public offering of Mobikwik Systems opened for bidding on Wednesday to raise Rs 572 crore, with the public issue being entirely a fresh issue of 2.05 crore shares. The price band for the Mobikwik IPO is set between Rs 265 and Rs 279 per share. SBI Capital Markets Limited and Dam Capital Advisors Ltd are acting as the book-running lead managers for this IPO, and Link Intime India Private Ltd is the registrar managing the issue. We assign a 'Subscribe' rating for the issue on a long-term basis, considering its strong brand recall, diversified offerings, rapid scaling, consistent innovation, customer stickiness and promising industry outlook," said an IPO report from Geojit.
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