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Today is the final day of subscribing to the IPO.
The ₹572-crore book-building IPO was fully subscribed within an hour of its launch on the first day of bidding. By the close of the second day, the issue was oversubscribed 20.37 times overall.
As of 1:30 PM on the third day of bidding, the IPO had received bids for 50 crore shares shares, surpassing the 1.18 crore shares on offer, according to NSE data.
The retail portion was heavily oversubscribed, getting booked 101 times the shares on offer.
Non-institutional investors (NIIs) subscribed 70 times their reserved portion whereas Qualified Institutional Buyers (QIBs) booked their allocation 8.19 times.
MobiKwik IPO GMP
The latest grey market premium (GMP) for the MobiKwik IPO stood at ₹158 per share as of Friday, suggesting a potential listing price of ₹437 per share. This indicates a possible listing gain of 56% over the upper end of the IPO price band.
Investors are advised to exercise caution, as the GMP is speculative and does not represent the official listing price of the stock.
MobiKwik IPO details
The mainboard IPO comprises a fresh issue of 2.05 crore shares, with the price band set at ₹265-279 per share.
Retail investors can apply for a minimum lot of 53 shares, requiring a minimum investment of ₹14,835 per application.
The allotment status for the MobiKwik IPO is expected to be finalised on December 16, with refunds and share transfers to Demat accounts slated for December 17. Link Intime India Private Ltd is the registrar for the issue.
The shares of One MobiKwik Systems Ltd are scheduled to be listed on the BSE and NSE on December 18.
About MobiKwik
Mobikwik, incorporated in March 2008, is a fintech company providing prepaid digital wallets and online payment services.
