MobiKwik's $67m India IPO fully sold in first hour on retail rush

MobiKwik's $67m India IPO fully sold in first hour on retail rush

Upasana Taku, co-founder, MobiKwik

Indian financial technology firm MobiKwik’s 5.72 billion-rupee ($67.4 million) IPO was fully subscribed within the first hour on Wednesday as investors bet on the company’s growth in a booming domestic online payments market.