Impact of Paytm: MobiQuick avoids IPO plans this month

-


Other startups wary of public issue after Paytm crash

MUMBAI: Other startups are also worried about their public issue, fearing a disappointing listing of Paytm's IPO. Following the incident, another online payment firm, MobiQuick, has so far scrapped plans to launch a public issue by the end of this month.

Notably, Paytm's stock plunged 3% on the first day of listing and a total of 30% in two days. After this incident, startups are adopting a 'wait and see' strategy to bring in an IPO.

Bipin Preet Singh, CEO of Bajaj Finance-backed MobiQuick, said the disappointing listing of major rival Paytm was unexpected. "We will announce it when we feel we can bring a successful IPO," The company received regulatory approval in October to bring in an IPO.

The company had submitted documents to SEBI in July for an IPO worth Rs 1,200 crore. MobiQuick is seen as a smaller competitor to Paytm.

Sources said that the company had earlier planned to launch an IPO before Diwali, but since then the company has decided to wait to see the response to Paytm's IPO.

Sources said that before the listing of Paytm, MobiQuick's unlisted shares were trading at Rs 150 in the Grow Market, which is currently trading at Rs 200, down 9 per cent.

Comments

Post a Comment

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

Detailed information about the descalant sulfamic acid

-
Image
- Industrial guidance-long description Boiler scale: When hard water is heated or evaporated inside the boiler walls and tubes, the calcium carbonate, calcium sulfate or other minerals in the hard water are deposited on the boiler walls or tubes after the water is evaporated. If this boiler scale is not removed from the boiler, the life of the boiler ends. That is why soft water is used in most boilers. (treated to remove calcium and magnesium ions before use). Hard water: Hard rock type soils will rot over a long period of time if the water does not contain low percentages of calcium, magnesium carbonate, bicarbonate sulfate or chloride. Degree of Hardness: Grains per gallon or parts per million (ppm) of calcium to measure water hardness. (1 grain of cac03 per gallon is equal to - 17-1 ppm) Up to 5 grains is considered soft water. More than 30, grains is very hard water. The impurity shown above can produce boiler scale. Also can make metal coossive. The temporary hardness can b
Read more