Predicted 59% Premium for Fintech IPO in Competitive Sector

Shivani Nyati, Head of Wealth at Swastika Investmart, predicts that the stock will debut with a notable premium of around 59%. She noted that the company operates in the highly competitive fintech sector, which could impact its future market share and growth. Nyati also pointed out that the IPO was priced substantially. “The IPO saw an impressive 120 times subscription rate and a strong grey market premium (GMP), reflecting robust investor confidence,” she said.