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MobiKwik’s unlisted shares are trading at Rs 444 per share, which is Rs 165 or 59.14% higher than the upper price band of Rs 279, sugnalling a strong debut on December 18.
The MobiKwik IPO, which opened for bidding between December 11 and December 13, received an overwhelming 125.69 times subscription.
MobiKwik IPO Allotment Status, GMP: The much-anticipated initial public offering (IPO) of One MobiKwik Systems Ltd has concluded with impressive subscription numbers. With an allotment finalisation date of Monday, December 16, and the listing scheduled for Wednesday, December 18, here’s all you need to know.
The MobiKwik IPO, which opened for bidding between December 11 and December 13, received an overwhelming 125.69 times subscription. The retail investor category witnessed a stellar 141.78 times subscription, while non-institutional investors (NII) subscribed 114.7 times. The Qualified Institutional Buyers (QIB) category also showed strong demand with a 125.82 times subscription rate.
Priced within a band of Rs 265 to Rs 279 per share, this fintech IPO has captured significant attention from market participants.
MobiKwik IPO GMP Today
As of today, MobiKwik’s unlisted shares are trading at Rs 444 per share, which is Rs 165 or 59.14% higher than the upper price band of Rs 279. This sharp GMP suggests a strong debut on December 18. Notably, this GMP reflects an increase from the 55.9% premium recorded on the first day of the IPO, highlighting growing market enthusiasm.
MobiKwik IPO Allotment and Listing Timeline
The IPO allotment process will be finalised on the evening of December 16. Investors who receive shares will see a debit message in their bank accounts. The shares are set to debut on the BSE and NSE on December 18, marking a crucial milestone for the Gurugram-based fintech firm.
How to Check Allotment Status?
Once the allotment is finalised, investors can confirm their IPO allotment status by following these simple steps:
1. Visit the official BSE portal: (https://www.bseindia.com/investors/appli_check.aspx)
2. Choose ‘Equity’ under the ‘Issue Type’ section.
3. Select ‘MobiKwik Systems Ltd’ from the dropdown menu.
4. Enter your application number or PAN.
5. Complete the CAPTCHA and click ‘Search’.
Alternatively, you can visit Link Intime’s portal at (https://www.linkintime.co.in/Initial_Offer/public-issues.html) to access the allotment details.
Other Highlights of the Issue
IPO Size: The public issue consists entirely of fresh equity shares worth Rs 572 crore, with no Offer for Sale (OFS) component.
Anchor Investors: A day before the IPO launch, MobiKwik secured Rs 257 crore from anchor investors.
Revised Issue Size: This marks MobiKwik’s third attempt at going public. After initially planning a Rs 1,900 crore IPO in 2021, the company scaled it down to Rs 700 crore earlier this year before finalizing the current Rs 572 crore issue.
About MobiKwik
Founded by Bipin Preet Singh and Upasana Taku, MobiKwik is a leading fintech player offering digital credit, payment solutions, investments, and insurance through its flagship app. The company’s reduced IPO size reflects its strategic approach to market conditions and growth objectives.
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 listing on December 18 as MobiKwik makes its mark in the public market space, solidifying its position in India’s fintech ecosystem.
