Business

Grey market punters already trading on planned unicorn IPOs

By Dan Neff

Mobikwik, a digital payments platform, and Fino Payments Bank, which have received the regulatory nod for their IPOs, are yet to see trader interest yet, said brokers.

Synopsis

Punters in the unofficial grey market are being choosy about trading in the unlisted shares of IPO-bound new-age businesses. Online beauty and wellness retailer Nykaa and PB Fintech – operator of insurance marketplace platform Policybazaar, which are yet to receive the Securities and Exchange Board of India’s (Sebi) approval to launch IPOs, are seeing a pick-up in activity in the grey market.

Mumbai: Punters in the unofficial grey market are being choosy about trading in the unlisted shares of IPO-bound new-age businesses. Online beauty and wellness retailer Nykaa and PB Fintech – operator of insurance marketplace platform Policybazaar, which are yet to receive the Securities and Exchange Board of India’s (Sebi) approval to launch IPOs, are seeing a pick-up in activity in the grey market.

Mobikwik, a digital payments platform, and

BY

ET Bureau

4 mins read, Last Updated:

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Dan Neff