Mobikwik IPO opens today: GMP zooms 49%; Should you park your money?

Mobikwik IPO GMP: The initial public offering (IPO) of digital wallet and online payment services provider, One Mobikwik Systems, opens for public subscription today, Wednesday, December 11, 2024. At the upper end, the company seeks to raise Rs 572 crore by offering an entirely fresh issue of 20,501,792 equity shares, as outlined in the Red Herring Prospectus (RHP).