A stunning two-day plunge by Indias Paytm after its initial public offering casts a shadow over the prospects for technology firms preparing to go public in what was supposed to be the countrys breakout year.
Mobikwik stated that it has always adopted a sustainable growth strategy, and is “witnessing strong business growth, has a clear path to profitability and will list at the right time”
The stock was back in the green today and rose 7 per cent to hit an intraday high of Rs 1,490.95 on BSE. Market cap of the firm rose to Rs 96,333 crore.