Who owns Mobikwik? IPO is going to create a stir in the share market

There is discussion across the country regarding the IPO of fintech company Mobikwik. Anyone can tell by looking at the GMP that whoever is allotted its IPO will become rich on the day of listing. Come, today in this episode we will tell you who is the owner of this company and how this company was started.

Let us tell you, today i.e. on 16th December, investors must have received the message of allotment of shares of Mobikwik. At the same time, on December 17, the company’s shares will also come into people’s demat accounts. Whereas, the listing of IPO is going to happen in the stock market on 18th December.

Who is the owner of MobiKwik?

Talking about the founders of Mobikwik, the names of two people come in it. These two are husband and wife. Bipin Preet Singh and Upasana Taku. Bipin Preet Singh Jahan is the founder and CEO of MobiKwik. Upasana is the co-founder of Taku Company. This company was started in the year 2009.

Let us tell you, Mobikwik works as a credit offering platform. That means this platform is used as a digital wallet. With the help of Mobikwik, you can make many types of online payments. Mobikwik is a platform that gives you great features like sending and receiving money, mobile recharge, paying electricity bills and Internet-DTH bills and doing online shopping.

Mobikwik IPO GMP is making waves

Mobikwik’s IPO is making a splash in the gray market premium. According to a Business Standard report, on Monday, December 16, its shares were trading at a premium of Rs 165 in the gray market, which is 59.14 percent more than the issue price. Let us tell you, MobiKwik wants to raise Rs 572 crore through this IPO. The company will issue 2,05,01,792 new shares. Offer for Sale (OFS) is not included in this IPO. That means it is a mainboard IPO and it will be listed on BSE and NSE.

Disclaimer: (The information provided here is being provided for information only. It is important to note here that investment in the market is subject to market risks. Always seek expert advice before investing money as an investor. ABPLive.com does not advise anyone It is never advisable to invest money here.)

Also read: Two pizzas cost trillions of rupees! Hunger caused this man the world’s biggest loss