New Delhi: Mobikwik Payment Company has postponed its plan to continue with the initial public offering (IPO) of the stock this month, the CEO said on Tuesday, in anticipated steps following the market debut greater than Paytm rivals earlier this month.
Mobikwik supported by Bajaj will go public “When we feel we will have a successful IPO”, Founder and CEO of Bipin Preet Frence told Reuters, adding his company to one year from October, when it received regulatory approval, to launch IPO, to launch IPO.
Stocks in greater payment paytm rivals fell this month after their debut and dropped more than 30% below the problem price of 2,150 per share, as investors questioned both steep performance assessments and their business models.
Bankers and analysts have warned that the gloomy Paytm show will make a reducer on future offers after Mega IPO is among the worst performing in Indian history.
Some recommended Mobikwik – rival directly to Paytm in the Ultra-Competitive Payment Room India – will be the first to see the prospect IPO has an impact.
Paytm Shadow: Mobikwik Payment Company to postpone the planned IPO
