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The fintech company aims to raise ₹572 crore via the offering. The IPO bidding window will remain open between December 11 to December 13.
Apart from the MobiKwik IPO, two other mainboard issues of Vishal Mega Mart Ltd and Sai Life Sciences Ltd along with two other SME issues are also open for bidding.
Let’s take a look at the IPO subscription, offer size, price band and key dates.
MobiKwik IPO GMP
MobiKwik IPO GMP indicates a strong listing for the stock. As per reports, MobiKwik shares are trading at a premium of ₹136, suggesting a potential listing price of ₹415 and a gain of 48.75% over the upper price band.
The investors should note that the GMP, or grey market premium, is not an official price for IPO shares and it is based on speculations. The actual listing price could be different from the GMP.
MobiKwik IPO subscription and other details
MobiKwik IPO was fully subscribed within an hour of launch driven by strong retail demand. The IPO received bids for over 1.39 crore shares against 1.18 crore shares on offer, leading to an overall subscription of 1.45 times, the NSE data till 11:25 AM showed.
The retail portion of the IPO is booked 6.14 times while the Non-Institutional Investors’ (NIIs) category is subscribed 1.2 times so far. The Qualified Institutional Buyers applied for only 2,968 shares so far, compared to 64.75 lakh shares set aside for the category.
The MobiKwik IPO comprises of only a fresh issue of 2.05 crore shares and there is no offer-for-sale (OFS) portion.
The IPO price band has been fixed at ₹265-279 per share.
The minimum bid size for retail investors is a single lot of 53 shares worth ₹14,835.
