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Its quarterly revenue grew 40.7% YoY to Rs 1,048 crore. Earnings before investment, tax, depreciation, and amortisation (EBITDA) for the quarter under review stood at Rs 443 crore, marking a jump of 40.1% compared with the year-ago period.
According to NSE data, the number of active users on the platform rose to 3.27 crore in August, up 2.5 percent from 3.19 crore in July.
The issue got a 'Subscribe' rating from many brokerage firms. However, experts noted that the IPO "appears expensive compared to its peers."
The company’s client addition has lagged the industry’s as it focuses on better quality of channel mix