Swastika Investmart, in its research report, has advised high-risk investors to consider subscribing to the Mobikwik IPO. While the company has shown consistent revenue growth and recently achieved profitability after previous losses, Swastika highlighted the intense competition within the fintech sector, which could affect its future growth and market position. Additionally, the brokerage noted that the IPO is priced at a steep valuation.
Final Hours! Mobikwik IPO closes today: Subscription zooms 20x, GMP up 56% - Business StandardMobikwik IPO sees strong demand on Day 2: Subscription zooms 9x, GMP up 53% - Business StandardMobikwik IPO day 2: GMP, subscription status, review, other details. Apply or not? - MintMobikwik IPO gets 21+ times subscription; GMP signals hefty listing gains - News9Mobikwik IPO receives massive subscription; GMP signals big gains - News9Mobikwik IPO day 2: GMP rises sharply, should you subscribe? - India Today
