MobiKwik IPO: The mainboard initial public offering (IPO) of One Mobikwik Systems Limited received an overwhelming response from investors on the first day of subscription. The ₹572-crore worth public issue of the fintech major was overbought as it hit India's primary market on December 11, 2024, to open for its three-day subscription period. The issue will close on Friday.

One Mobikwik System Ltd has reserved not less than 75 per cent of the equity shares in the public issue for the qualified institutional buyers (QIB), not more than 15 per cent for non-institutional institutional investors (NII), and not more than 10 per cent of the offer for the retail investors. 

MobiKwik IPO Subscription Status

On the third day of subscription, MobiKwik IPO was subscribed 7.32 times by the end of the session. The portion reserved for retail investors was subscribed 26.7 times, the portion reserved for QIBs was booked 0.02 per cent, and the portion reserved for NIIs was booked 8.98 times on the first day. According to BSE data, the IPO received 8,69,30,070 share applications against 1,18,71,696 shares offered on Wednesday.

MobiKwik IPO Latest GMP Today

According to Invstorgain.com, the latest Grey Market Premium (GMP) for the Mobikwik IPO stood at ₹136. Based on the price band of ₹279.00, the projected listing price is ₹415, calculated by adding the cap price to the current GMP. This translates to an anticipated gain of 48.75 per cent per share.

MobiKwik IPO Details

MobiKwik Systems is poised to raise ₹572 crore through its IPO, which will consist entirely of a fresh issue of shares without an offer-for-sale (OFS) component. The issue is entirely a fresh issue of 2.05 crore shares. The price band of the issue has been fixed at ₹265 to ₹279 per equity share with a face value of ₹2. The IPO lot size is 53 equity shares and multiples of 53 equity shares thereafter.

The issue will close for bidding on December 13, 2024. The allotment for the Mobikwik IPO is expected to be finalized on Monday, December 16, 2024. After the IPO, the shares of Mobikwik will be listed on stock exchanges BSE and NSE, with a tentative listing date fixed as Wednesday, December 18, 2024.