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.
Market rotation signals steady growth ahead; financials and PSUs lead the charge: Rohit Srivastava
According to Rohit Srivastava, the Indian market is experiencing sector rotation, ensuring upward movement after consolidation. Financials, especially NBFCs, are leading the rally due to