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MobiKwik’s unlisted shares are buying and selling at Rs 444 per share, which is Rs 165 or 59.14% larger than the higher worth band of Rs 279, sugnalling a powerful debut on December 18.
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 much-anticipated preliminary public providing (IPO) of One MobiKwik Systems Ltd has concluded with spectacular subscription numbers. With an allotment finalisation date of Monday, December 16, and the itemizing scheduled for Wednesday, December 18, right here’s all you want to know.
The MobiKwik IPO, which opened for bidding between December 11 and December 13, acquired an amazing 125.69 occasions subscription. The retail investor class witnessed a stellar 141.78 occasions subscription, whereas non-institutional traders (NII) subscribed 114.7 occasions. The Qualified Institutional Buyers (QIB) class additionally confirmed sturdy demand with a 125.82 occasions subscription charge.
Priced inside a band of Rs 265 to Rs 279 per share, this fintech IPO has captured important consideration from market contributors.
MobiKwik IPO GMP Today
As of right this moment, MobiKwik’s unlisted shares are buying and selling at Rs 444 per share, which is Rs 165 or 59.14% larger than the higher worth band of Rs 279. This sharp GMP suggests a powerful debut on December 18. Notably, this GMP displays a rise from the 55.9% premium recorded on the primary day of the IPO, highlighting rising market enthusiasm.
MobiKwik IPO Allotment and Listing Timeline
The IPO allotment course of might be finalised on the night of December 16. Investors who obtain shares will see a debit message of their financial institution accounts. The shares are set to debut on the BSE and NSE on December 18, marking a vital milestone for the Gurugram-based fintech agency.
How to Check Allotment Status?
Once the allotment is finalised, traders can affirm their IPO allotment standing by following these easy steps:
1. Visit the official BSE portal: (https://www.bseindia.com/investors/appli_check.aspx)
2. Choose ‘Equity’ below the ‘Issue Type’ part.
3. Select ‘MobiKwik Systems Ltd’ from the dropdown menu.
4. Enter your software quantity or PAN.
5. Complete the CAPTCHA and click on ‘Search’.
Alternatively, you may go to Link Intime’s portal at (https://www.linkintime.co.in/Initial_Offer/public-issues.html) to entry the allotment particulars.
Other Highlights of the Issue
IPO Size: The public subject consists completely of recent fairness shares price Rs 572 crore, with no Offer for Sale (OFS) part.
Anchor Investors: A day earlier than the IPO launch, MobiKwik secured Rs 257 crore from anchor traders.
Revised Issue Size: This marks MobiKwik’s third try at going public. After initially planning a Rs 1,900 crore IPO in 2021, the corporate scaled it all the way down to Rs 700 crore earlier this yr earlier than finalizing the present Rs 572 crore subject.
About MobiKwik
Founded by Bipin Preet Singh and Upasana Taku, MobiKwik is a number one fintech participant providing digital credit score, cost options, investments, and insurance coverage by means of its flagship app. The firm’s diminished IPO measurement displays its strategic strategy to market situations and development goals.
Book Running Lead Managers
SBI Capital Markets and DAM Capital Advisors Ltd are the book-running lead managers for this IPO.
Stay tuned for the itemizing on December 18 as MobiKwik makes its mark within the public market area, solidifying its place in India’s fintech ecosystem.
