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MobiKwik IPO: The gray market continues to replicate robust sentiment, with MobiKwik’s unlisted shares buying and selling at Rs 444 per share, indicating a premium of Rs 165 (or 59.14 per cent) over the higher value band.
The MobiKwik IPO, which opened for bidding between December 11 and December 13, acquired an amazing 125.69 occasions subscription.
MobiKwik IPO Allotment Status, GMP: The initial public offering (IPO) of One MobiKwik Systems Ltd, which closed final week on a excessive word receiving overwhelming investor curiosity, is ready to enter a brand new section with the allotment getting finalised within the night immediately, Monday. Once allotted, buyers will obtain a financial institution debit message. Here are the subscription particulars, GMP developments, and what buyers can count on subsequent.
MobiKwik IPO: Impressive Subscription Figures
The MobiKwik IPO, which was open for bidding from December 11 to December 13, achieved an general subscription of 125.69 occasions, underscoring its reputation amongst market members:
Retail Investors: Subscribed 141.78 occasions
Non-Institutional Investors (NII): Subscribed 114.7 occasions
Qualified Institutional Buyers (QIB): Subscribed 125.82 occasions
The IPO, priced between Rs 265 and Rs 279 per share, has emerged as some of the sought-after fintech public choices in current occasions.
MobiKwik IPO GMP Today
The gray market continues to replicate robust sentiment, with MobiKwik’s unlisted shares buying and selling at Rs 444 per share, indicating a premium of Rs 165 (or 59.14 per cent) over the higher value band. The constant rise in GMP for the reason that IPO launch highlights rising enthusiasm for MobiKwik’s public debut.
MobiKwik IPO: Allotment and Listing Dates
Allotment Finalisation: December 16 (night)
Refund Initiation for Non-Allottees: December 17
Shares Credited in Demat Accounts: December 17
Listing Date: December 18 (on BSE and NSE)
How to Check Your IPO Allotment Status
Once the allotment course of is accomplished, buyers can test their allotment standing by these platforms:
1. BSE Portal
Step 1: Visit https://www.bseindia.com/buyers/appli_check.aspx.
Step 2: Under “Issue Type”, choose “Equity”.
Step 3: Choose “MobiKwik Systems Ltd” from the dropdown menu.
Step 4: Enter your software quantity or PAN, resolve the CAPTCHA, and click on “Search”.
2. Registrar’s Website
Step 1: Head to Link Intime’s IPO Portal — https://www.linkintime.co.in/Initial_Offer/public-issues.html.
Step 2: Enter the required particulars to view your allotment standing.
Other Highlights of the MobiKwik IPO
Issue Size: Rs 572 crore, consisting solely of recent fairness shares.
Anchor Investment: MobiKwik raised Rs 257 crore from anchor buyers forward of the IPO.
Streamlined IPO: After cutting down its earlier plans of Rs 1,900 crore in 2021, MobiKwik strategically decreased the problem dimension to align with market situations.
About MobiKwik
Founded by Bipin Preet Singh and Upasana Taku, MobiKwik is a number one fintech firm providing digital funds, credit score, insurance coverage, and funding companies. Its strategic strategy to its IPO displays the corporate’s concentrate on sustainable progress and market management.
What’s Next?
The robust GMP and subscription figures point out excessive investor confidence forward of MobiKwik’s inventory market debut on December 18. The newest GMP indicators vital itemizing beneficial properties for buyers.
