Decoding Mobikwik’s IPO frenzy

While the structure and timing of the IPO seem to have been in favour of the Gurugram-based fintech startup, its business outlook continues to face many headwinds which will be its next big challenge. According to data from the BSE, the end of day three shows that retail investors bid for the shares 134 times, non-institutional investors 108 times and institutional investors 119.5 times.