This recently listed IPO zoomed 32% in 2 days; up 150% against issue price

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This recently listed IPO zoomed 32% in 2 days; up 150% against issue price - Business Standard

Quick Summary:

Shares of One Mobikwik Systems hit new high of Rs 698.30, surging 15% on the NSE in Thursday's intra-day, and rallied 43 per cent in three trading days.

While the company has carved out a niche in ZIP and ZIP EMI offerings, with a growing Financial Services vertical and a low CAC/user, the company is poised to build and attract a bigger pie, the brokerage firm said in a report.

Mobikwik shares had made a stellar debut on December 18, 2024, listing at Rs 528, an 89 per cent increase over its issue price.