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Mobikwik IPO Allotment Status: The IPO closed on Friday on a high note receiving overwhelming investor interest.
The MobiKwik IPO achieved an overall subscription of 125.69 times, underscoring its popularity among market participants
MobiKwik IPO: The much-awaited allotment for One MobiKwik Systems Ltd’s Initial Public Offering (IPO) was finalised on December 16, marking the next crucial step for the fintech giant after its resounding success in the subscription phase. The IPO, which closed on a high note on December 13, saw overwhelming investor participation, making it one of the most anticipated listings in recent times.
Record-High Subscription Numbers
The MobiKwik IPO received a stellar response, with an overall subscription of 125.69 times, reflecting robust demand across investor categories:
- Retail Investors: Subscribed 141.78 times
- Non-Institutional Investors (NII): Subscribed 114.7 times
- Qualified Institutional Buyers (QIB): Subscribed 125.82 times
Priced in the range of Rs 265 to Rs 279 per share, the IPO has positioned itself as one of the most sought-after fintech public offerings in recent history.
MobiKwik IPO GMP Trends
MobiKwik’s grey market premium (GMP) continues to display bullish sentiment, with shares trading at Rs 444—an impressive premium of Rs 165 or 59.14% over the upper price band. The consistent rise in GMP underscores investor confidence and enthusiasm for MobiKwik’s upcoming debut.
What’s Next?
With strong grey market premiums and remarkable subscription figures, investor confidence in MobiKwik’s public debut is at an all-time high. As the stock gears up for its listing, market watchers anticipate significant listing gains, further solidifying MobiKwik’s position in the fintech space.
Key Dates for Allotment and Listing
MobiKwik IPO Allotment Date
- Allotment Finalisation: December 16
- Refund Initiation for Non-Allottees: December 17
- Shares Credited to Demat Accounts: December 17
MobiKwik IPO Listing Date
Listing Date: December 18 (on BSE and NSE)
How to Check MobiKwik IPO Allotment Status
Investors can check their allotment status online through two platforms:
1. BSE Portal
- Visit: BSE Allotment Page
- Select “Equity” under “Issue Type”.
- Choose “MobiKwik Systems Ltd” from the dropdown menu.
- Enter your application number or PAN, solve the CAPTCHA, and click “Search”.
2. Registrar’s Website
- Visit: Link Intime IPO Portal.
- Enter the required details, including application number or PAN, to access your allotment status.
About the MobiKwik IPO
- Issue Size: Rs 572 crore, entirely composed of fresh equity shares.
- Anchor Investment: Raised Rs 257 crore from anchor investors ahead of the IPO.
- Streamlined Approach: The IPO size was scaled down from its earlier 2021 plans of Rs 1,900 crore to better align with current market conditions.
About MobiKwik
Founded by Bipin Preet Singh and Upasana Taku, MobiKwik is a leading fintech platform providing digital payment solutions, credit access, insurance, and investment services. The IPO marks a significant milestone in the company’s growth journey, highlighting its focus on sustainable expansion and market leadership.
