MobiKwik IPO Status

MobiKwik's IPO opened for bids from 11 to 13 December 2024, with share prices set at Rs. 265 to Rs. 279 each. MobiKwik aims to raise a combined total of Rs. 572 crore by issuing 2.05 crore new shares.

The allotment date for the IPO was 16 December 2024, and the Listing Date is 18 December 2024. The IPO stocks will trade on both the BSE and NSE. 

                                             

Issue Price	Rs. 265- 279
Premium against the IPO	58.5%
Listing at	Rs. 442.25

 

MobiKwik IPO Performance

Overall, the company's strong market presence has improved the MobiKwik IPO performance. Due to extraordinary demand, the IPO was oversubscribed by almost 120 times the total number of shares available. Investor bids totalled over Rs 40,000 crore.

Meanwhile, in the grey market, the shares of MobiKwik are trading at a premium of about Rs. 165-170. This shows a listing gain of more than 59%, the upper price band of Rs. 279. That shows there is some serious demand building up.

 

MobiKwik IPO Live Updates

Today, the MobiKwik IPO stock price started at Rs. 440 on the NSE, a 57.7% premium, and ₹442.25 on the BSE, a 58.5% premium over the issue price of ₹279. With offers reaching over Rs. 40,000 crore, or 120 times the shares offered, the IPO was oversubscribed.

This high demand shows positive MobiKwik IPO investor insights and trust in the company's development potential inside India's growing online payment market. There is now an 18% increase in MobiKwik IPO share price. At noon, MobiKwik's stock shot up 17.87% on the NSE to Rs. 518.65. Here are the key MobiKwik IPO details and highlights of the day:

Day's High	Rs. 525
Day’s Low	Rs. 440
Mcap	Rs. 4,029.20 crore

 

MobiKwik IPO Market Reaction

Investor sentiment on the MobiKwik IPO is highly positive. According to analysts, the company's robust market presence and creative fintech solutions are among the major factors for such excitement.

Indian investors subscribed to the IPO 125.69 times overall from all categories. Here's a closer look at who subscribed and how much:

• Retail Investors: 141.78 times
• Qualified Institutional Buyers (QIBs): 125.82 times
• Non-Institutional Investors (NIIs): 114.7 times

Such huge oversubscription indicates the highly confident investor sentiment in the business and growth prospects of MobiKwik.

 

MobiKwik IPO Launch

This IPO represents a key return for those keen on MobiKwik's journey. In 2021, the company wanted to issue a Rs. 1,900 crore IPO but could not do it because of strong opposition from market dynamics. 

Now, MobiKwik has found its groove again by appealing to small and large investors through a more precise strategy. The IPO aims to collect funds and boost MobiKwik's standing in India's tough fintech arena.

 

MobiKwik IPO Details

Issue Size	Rs. 572 crore
Price Band	Rs. 265 - Rs. 279 per share
Lot Size	Minimum of 53 shares
Bidding Dates	11th December to 13th December 2024
Allotment Date	16th December 2024
Listing Date	18th December 2024

 

MobiKwik IPO Insights

The strong subscription numbers and healthy grey market activity indicate that investors consider MobiKwik a good investment. However, as with any IPO, experts say one should look at broader market conditions and competition within the fintech sector.

 

Conclusion

To add to the MobiKwik IPO 2024's momentum, MobiKwik raised Rs. 257 crore in its pre-IPO anchor round from prominent institutional investors. This early backing further reinforces the confidence surrounding the company's market debut.

The IPO, in general, has received traction and acceptance in the market. To make the most of your investment, keep following the latest MobiKwik IPO news.