One Mobikwik Systems’ IPO was completely subscribed within hours of its launch on the first day, indicating high demand, on the last day of IPO; issue was oversubscribed 125 times, according to consolidated bid data on NSE (National Stock Exchange).
Over 141.72 crore shares were applied for by investors, while 1.12 crore shares were put up for bid, according to consolidated bid data on the National Stock Exchange (NSE).
Subscription across all categories
In contrast to the 20.50 lakh shares set aside for the category, the retail component of the IPO was booked 141.78 times, with bids for almost 29.06 crore shares.
The initial public offering (IPO) of the fintech payment startup was booked 114.70 times by non-institutional investors (NIIs). Out of the 30.75 lakh shares reserved for them, the NIIs applied for more than 35.27 crore shares.
The Qualified Institutional Buyers (QIBs) applied for 77.38 crore shares out of the 61.50 lakh shares that were set aside for them. Reservations for the QIBs’ allotment totalled to 125.82 times.
GMP (grey market price)
The shares of One Mobikwik Systems are currently trading at Rs 444 per share comapared to issue price of Rs 273 with 59.14 per cent of premium, as indicated by the grey market premium (GMP) of Rs 165. Hinting the listing at Rs 444 per share.
New Mainboard IPO
️Date : 11-Dec to 13-Dec-2024
✴️Price : ₹265 – ₹279
✴️Lot : 53 Shares
Size : ₹572 Cr#IPO #MobikwikIPO pic.twitter.com/KqVwJfIC35
— Mehul Bumtaria (@mehul_bumtaria) December 5, 2024
Issue size and structure
The Rs 572 crore Mobikwik IPO offering size, 2.05 crore shares are part of a 100% book-built offer. 75 percent of the issue size has been allocated to qualified institutional buyers (QIBs), 15 percent to non-institutional investors, and 10 percent to retail shareholders.
Price band and minimum bid
A share of Mobikwik’s initial public offering (IPO) costs between Rs 265 and Rs 279. The minimum lot size required for an application is 53 shares. Retail investors must contribute a minimum of Rs 14,787.
The minimum lot size investment for sNII is 14 lots with 742 shares, or Rs 207,018, and for bNII, it is 68 lots with 3,604 shares, or Rs 10,05,516.
Listing dates
The Mobikwik IPO is anticipated to list on the BSE and NSE on Wednesday, December 18, 2024.
The period for Mobikwik IPO subscriptions is December 11, 2024–December 13, 2024. On Monday, December 16, 2024, the allocation for the Mobikwik IPO is anticipated to be finalised.
IPO proceedings utilisation
The funds will be utilised to support the expansion of the payment and financial services sectors. It will be used for capital expenditures for the payment device sector as well as for investments in data, goods, technology, artificial intelligence, and machine learning (ML), in addition to general business purposes.
