Mobikwik IPO opens today: GMP zooms 49%; should you park your money?

One MobiKwik Systems, a leading digital payments platform, has opened its initial public offering (IPO) today, Monday, December . The IPO is fully subscribed on the first day itself, with a strong response from investors. The grey market premium (GMP) for the IPO has also surged, indicating strong investor interest.  

• What is the Mobikwik IPO?

The Mobikwik IPO is an offer to raise Rs 572 crore from the public. The price band for the IPO has been set at Rs 265-279 per share. The IPO closes on December.  

Why is the Mobikwik IPO attracting so much attention?

There are several reasons why the Mobikwik IPO is attracting so much attention from investors:

• Strong financials: Mobikwik has a strong track record of growth and profitability. The company has been consistently growing its revenue and user base over the past few years.  
• Strong brand: Mobikwik is one of the most popular digital payments platforms in India. The company has a strong brand recall and a large user base.  
• Growth prospects: The digital payments market in India is growing rapidly. Mobikwik is well-positioned to benefit from this growth.
• Strong investor interest: The strong GMP for the IPO indicates that investors are bullish on the company’s future prospects.

Should you invest in the Mobikwik IPO?

The decision of whether or not to invest in the Mobikwik IPO is a personal one. However, there are a few things to consider before making a decision:

• Risk tolerance: IPOs are considered to be high-risk investments. If you are not comfortable with risk, you may want to avoid investing in the Mobikwik IPO.
• Investment horizon: If you are investing in the Mobikwik IPO, you should have a long-term investment horizon. The company is still in the early stages of growth, and it may take some time for the stock price to appreciate.
• Diversification: It is important to diversify your investments across different asset classes. Investing in the Mobikwik IPO should not be your only investment.

Final Thought

The Mobikwik IPO is an attractive investment opportunity for investors who are bullish on the future of the digital payments market in India. However, it is important to do your own research before making a decision.

Additional information

• The Mobikwik IPO is being managed by SBI Capital Markets and DAM Capital Advisors.  
• The registrar for the IPO is Link Intime India Private Limited.  
• The anchor investors for the Mobikwik IPO include Morgan Stanley Investments, HDFC MF, and SBI MF.  

Here are some additional resources that you may find helpful:

• Mobikwik IPO prospectus: https://www.sebi.gov.in/filings/public-issues/jul-2021/one-mobikwik-systems-limited_51019.html
• Mobikwik IPO FAQs: https://www.moneycontrol.com/news/business/mobikwik-other-ipo-bound-companies-face-aprroval-delay-over-deemed-public-issue-hurdle-12721916.html
• Mobikwik investor presentation: https://www.mobikwik.com/ir/

Disclaimer:

This article is for informational purposes only and should not be construed as investment advice. Please consult with a financial advisor before making any investment decisions.  

I hope this article is helpful. Please let me know if you have any other questions.