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The allotment of the MobiKwik IPO will be finalised on December 16 and its shares will be listed on both BSE and NSE on December 18.
MobiKwik IPO: Check Allotment Date and Latest GMP.
MobiKwik IPO Allotment Date, Latest GMP: The allotment of the MobiKwik IPO will be finalised on Monday, December 16. The initial public offering of One MobiKwik Systems Ltd closed on Friday and received an overall 125.69 times subscription. The MobiKwik IPO listing will take place on Wednesday, December 18. The latest GMP currently stands at 59.14 per cent, signalling a robust listing.
The initial public offering of One MobiKwik Systems Ltd, which was opened on between December 11 and December 13, received an overall 125.69 times subscription. The retail category recieved a 141.78 times subscription in total, the NII (non-institutional investors) portion got 114.7 times subscription. Its QIB (qualified institutional buyer) category has been subscribed by 125.82 times.
The price band of the IPO was fixed at Rs 265 to Rs 279 apiece.
The shares of fintech company One MobiKwik Systems Ltd are scheduled to be listed on both BSE and NSE on December 18, Wednesday.
The IPO allotment will be finalised on the Monday evening. Once allotted, investors will receive a bank debit message. They can also check the IPO allotment status on the websites of BSE and NSE, as well as on registrar Link Intime’s portal.
MobiKwik IPO GMP Today
According to market observers, unlisted shares of MobiKwik Systems Ltd are currently trading at Rs 444 per share in the grey market, which is Rs 165 or 59.14 per cent higher than the IPO issue price of Rs 279. It indicates a stellar listing on December 18.
The 59.14 per cent GMP is higher than the 55.9 per cent grey market premium recorded on the first day of the IPO.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
MobiKwik IPO: How To Check Allotment Status Online?
The IPO allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘MobiKwik Systems Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Link Intime Ltd’s portal — and check the MobiKwik IPO allotment status.
MobiKwik IPO: More Details
The public issue is entirely a fresh issuance of equity shares worth up to Rs 572 crore with no offer-for-sale (OFS) component. The company’s IPO price band stood at Rs 265-279 per share.
A day before the IPO, One MobiKwik Systems garnered Rs 257 crore from anchor investors.
This was the second attempt by the Gurugram-based firm for the public issue following its first attempt in July 2021. Earlier, the company shelved its IPO plans and withdrew the draft papers due to unfavourable market conditions.
Mobikwik has reduced its IPO size from its earlier plans of Rs 1,900 crore in 2021 to Rs 700 crore in January this year to Rs 572 crore now.
Founded by Bipin Preet Singh and Upasana Taku, MobiKwik — the company’s flagship application — provides consumers access to various payment options and financial products in digital credit, investments and insurance.
SBI Capital Markets and DAM Capital Advisors Ltd are the book-running lead managers to the offer.
