Digital payments platform MobiKwik’s IPO opens today, closing December 13th. The Rs 572 crore offering aims to fuel growth in financial services, AI, and infrastructure. Priced at Rs 265-279 per share, the IPO shows a promising grey market premium. Analysts recommend it for high-risk investors, citing the company’s recent profitability and growth despite high valuation.
AI may hurt IT today, but it could create the sector’s next growth engine: Baroda BNP Paribas MF
AI may disrupt traditional revenue streams in India’s $280-billion IT services industry, but Rohan Korde of Baroda BNP Paribas Mutual Fund believes it could also