MobiKwik's IPO in India: A Dramatic Shift in Valuation
Friday, 6 December 2024, 06:33
MobiKwik's Dramatic Valuation Shift
MobiKwik, an Indian financial services startup, has made headlines with its drastic drop in IPO size, marking the third adjustment in its planned offering. It has established a price band of ₹265-₹279 ($3.1-$3.3), which values the company at only $250 million, a significant decline from its last private valuation of $924 million in 2021.
The Impact on India's IPO Market
The current scenario highlights the volatility in India's IPO market. MobiKwik, backed by notable investors like Peak XV and ADIA, now faces an uphill battle.
- Investor Confidence: The drop may deter future investments.
- Market Reactions: Scrutiny of the IPO market may increase.
- Future Considerations: Companies must tread carefully.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.