MobiKwik IPO Oversubscribed: Retail Portion Booked 134.67 Times, Total Subscription at 119.38x

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The highly anticipated MobiKwik IPO concluded on a remarkable note, with the offering witnessing an overall subscription of 119.38 times. The retail segment was particularly impressive, garnering a subscription of 134.67 times, reflecting strong investor interest in the fintech company's debut on the stock market.



Subscription Details

The ₹1,900 crore initial public offering (IPO) of MobiKwik, which was open for bidding over three days, attracted immense attention across all investor categories.

  • Qualified Institutional Buyers (QIBs): Subscribed 158.47 times, showcasing robust demand from institutional investors.
  • Non-Institutional Investors (NIIs): The high-net-worth investor category recorded a subscription of 87.23 times.
  • Retail Investors: With a subscription of 134.67 times, retail investors played a pivotal role in the success of the IPO.

The IPO comprised a fresh issue of ₹1,500 crore and an offer-for-sale (OFS) of ₹400 crore, with a price band set at ₹385–₹412 per share.

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for MobiKwik shares reflects the IPO’s strong demand in the unofficial market. As of now, the GMP stands at ₹220–₹230 per share, suggesting a premium listing of over 50% compared to the upper price band.

Future Outlook

MobiKwik plans to utilize the IPO proceeds for funding growth initiatives, including customer acquisition, technological upgrades, and debt repayment. The company’s leadership in the digital payments space, coupled with strong market momentum, has fueled expectations of a blockbuster listing.

Investors are now eagerly awaiting the stock's debut on the NSE and BSE, expected later this month. Analysts predict a stellar listing performance, buoyed by the overwhelming response during the subscription period and positive GMP trends.

Stay tuned for more updates on the MobiKwik IPO and its market debut!

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