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MobiKwik IPO: The IPO of One MobiKwik Systems, a digital funds platform, will open on December 11, aiming to lift Rs 572 crore
MobiKwik IPO Opens Tomorrow
MobiKwik IPO Subscription Opens Tomorrow: The preliminary public providing (IPO) of Mobikwik Systems Limited will open for subscription tomorrow, December 11, 2024, within the Indian main market. The fintech firm has set the worth band for the Mobikwik IPO between Rs 265 and Rs 279 per share. The IPO subscription interval will run from Wednesday to Friday, December 11 to 13, 2024.
Bidders can apply for the Mobikwik IPO in heaps, with every lot consisting of 53 shares. Ahead of the IPO’s opening, Mobikwik shares have already surfaced within the gray market, the place they’re buying and selling at a premium of Rs 132, based on inventory market observers.
Mobikwik IPO Price Band: The fintech firm has set a value band of Rs 265 to Rs 279 per fairness share for the book-built problem.
Mobikwik IPO Opening Date: The Mobikwik IPO subscription shall be open from December 11 to 13, 2024, which means the book-built problem shall be obtainable for bidding from Wednesday to Friday.
Mobikwik IPO Size: The firm goals to lift Rs 572 crore by way of a very contemporary problem of shares.
Mobikwik IPO Lot Size: Bidders can apply in heaps, with every lot consisting of 53 shares of the corporate.
Mobikwik IPO GMP Today: According to inventory market observers, the corporate’s shares can be found at a premium of Rs 132 in at this time’s gray market.
The Grey Market Premium (GMP) refers back to the unofficial market value of an organization’s shares earlier than they’re listed on the inventory exchanges, sometimes throughout an IPO (Initial Public Offering). It displays the worth at which the shares of an upcoming IPO are being traded within the gray market, which is a market that operates exterior the formal inventory exchanges.
GMP is utilized by merchants and traders to gauge the market sentiment about an IPO. The next GMP suggests robust demand for the shares and a constructive outlook for the itemizing. Conversely, a low or detrimental GMP signifies weaker demand and probably a much less favorable itemizing.
However, it’s vital to notice that GMP just isn’t an official or regulated metric, and it may possibly fluctuate relying on market situations and investor sentiment. It’s basically a speculative determine based mostly on unofficial transactions within the gray market.
Mobikwik IPO Share Allotment Date: The share allotment is most definitely to happen on December 14, 2024, Saturday. In case of any delays, the allotment announcement could also be made on December 16, 2024.
Mobikwik IPO Objective: The firm plans to make use of the proceeds as follows: Rs 150 crore shall be allotted for natural progress in its monetary providers enterprise, Rs 107 crore for analysis and improvement in synthetic intelligence, machine studying, and know-how, and Rs 135 crore to increase its fee providers. Additionally, Rs 70.2 crore shall be used for capital expenditure on fee gadgets and for normal company functions.
SBI Capital Markets and DAM Capital Advisors are the general public supply’s book-running lead managers, whereas Link Intime India is the registrar.
