MobiKwik is a home payment company. It is an Indian company. Many small and big companies are participating in the IPO market. Mobikwik has also planned to launch its shares in the IPO market. People who are waiting to buy the shares have to wait for a little while. MobiKwik has held the decision. This may hold after seeing the status of Paytm IPO.
They are waiting to make a move at the right time when things will be normal and investors will also be interested to buy Mobikwik shares. The performance of Paytm in the IPO market was not as good as expected.
Mobikwik and Paytm both are tough competitors of each other and this dismal has made a great impact on the upcoming offerings. The company’s owners are taking a smart step by keeping their share on hold.
The result of Paytm was not so ideal as the shares are shattered to below 30%. According to the reports and data the issued price of Paytm per share2,150 rupees. Questions have occurred about the business model and steep valuation.
Bankers, investors, and financial experts have shared their opinions and suggested not to take a step forward for the offering in the IPO.