Tue Dec 10 14:05:53 UTC 2024: ## Inc42 Offers New Programs for D2C Brands, Startup Management, and Angel Investing; MobiKwik IPO Sees Strong Grey Market Activity
**MUMBAI, INDIA – December 8, 2024** – Inc42, India’s leading startup media and intelligence platform, today announced three new programs designed to empower entrepreneurs and investors: D2CX, a 12-week D2C program; ManagementX, a 6-month startup management program; and India’s first live angel investing program. These hands-on programs provide actionable insights and strategies from top Indian founders and experts.
Separately, MobiKwik’s upcoming Initial Public Offering (IPO) is generating significant buzz. Grey market trading indicates shares are commanding a 40% premium above the upper end of the IPO price band (INR 265-279), currently trading at INR 391. The IPO, opening December 11th and closing December 13th, is expected to list on December 18th. Brokerages like Bajaj Broking and Kotak Securities have issued positive recommendations, citing MobiKwik’s diversification plans and reduced IPO size as positive factors. Despite recently reporting a Q1 FY25 net loss of INR 6.6 Cr, following a profitable FY24, the company’s reduced valuation reflects a strategic shift, according to CEO Bipin Preet Singh. The IPO aims to raise INR 572 Cr, down from the initially planned INR 700 Cr.
First Piper 