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MobiKwik’s non listed shares are trading at Rs 444 per share, which is Rs 165 or 59.14% greater than the top rate band of Rs 279, sugnalling a solid launching on December 18.
The MobiKwik IPO, which opened up for bidding process in between December 11 and December 13, got a frustrating 125.69 times registration.
MobiKwik IPO Allotment Status, GMP: The much-anticipated going public (IPO) of One MobiKwik Systems Ltd has actually ended with excellent registration numbers. With a part finalisation day of Monday, December 16, and the listing arranged for Wednesday, December 18, right here’s all you require to understand.
The MobiKwik IPO, which opened up for bidding process in between December 11 and December 13, got a frustrating 125.69 times registration. The retail capitalist classification saw an excellent 141.78 times registration, while non-institutional financiers (NII) subscribed 114.7 times. The Qualified Institutional Buyers (QIB) classification additionally revealed solid need with a 125.82 times registration price.
Priced within a band of Rs 265 to Rs 279 per share, this fintech IPO has actually recorded considerable interest from market individuals.
MobiKwik IPO GMP Today
As these days, MobiKwik’s non listed shares are trading at Rs 444 per share, which is Rs 165 or 59.14% greater than the top rate band of Rs 279. This sharp GMP recommends a solid launching on December 18. Notably, this GMP shows a rise from the 55.9% costs videotaped on the very first day of the IPO, highlighting expanding market excitement.
MobiKwik IPO Allotment and Listing Timeline
The IPO quantity procedure will certainly be settled on the night of December 16. Investors that obtain shares will certainly see a debit message in their checking account. The shares are readied to debut on the BSE and NSE on December 18, noting an important turning point for the Gurugram- based fintech company.
How to Check Allotment Status?
Once the quantity is settled, financiers can verify their IPO quantity condition by adhering to these straightforward actions:
1. Visit the main BSE website: (https://www.bseindia.com/investors/appli_check.aspx)
2. Choose ‘Equity’ under the ‘Issue Type’ area.
3. Select ‘MobiKwik Systems Ltd’ from the dropdown food selection.
4. Enter your application number or frying pan.
5. Complete the CAPTCHA and click ‘Search’.
Alternatively, you can check out Link Intime’s website at (https://www.linkintime.co.in/Initial_Offer/public-issues.html) to access the quantity information.
Other Highlights of the Issue
IPO Size: The public problem is composed completely of fresh equity shares worth Rs 572 crore, without any Offer for Sale (OFS) element.
Anchor Investors: A day prior to the IPO launch, MobiKwik safeguarded Rs 257 crore from support financiers.
Revised Issue Size: This notes MobiKwik’s 3rd effort at going public. After originally intending a Rs 1,900 crore IPO in 2021, the business scaled it to Rs 700 crore previously this year prior to settling the present Rs 572 crore problem.
About MobiKwik
Founded by Bipin Preet Singh and Upasana Taku, MobiKwik is a leading fintech gamer offering electronic credit report, repayment options, financial investments, and insurance policy via its front runner application. The business’s decreased IPO dimension shows its tactical method to market problems and development purposes.
Book Running Lead Managers
SBI Capital Markets and DAM Capital Advisors Ltd are the book-running lead supervisors for this IPO.
Stay tuned for the listing on December 18 as MobiKwik makes its mark in the general public market room, strengthening its placement in India’s fintech environment.
