MobiKwik IPO Subscription Status: Issue Subscribed 12x as Retail Investors Dominate Bidding

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The much-awaited initial public offering (IPO) of MobiKwik has witnessed an overwhelming response from investors. As of today, the issue has been subscribed 12 times, with retail investors taking the lead in the bidding process. The robust demand reflects growing optimism around the company's fintech growth story and its position in the digital payments ecosystem.




Retail Investors Drive Demand

The retail portion of the IPO has been subscribed 15 times, showcasing significant enthusiasm among individual investors. Meanwhile, the non-institutional investor (NII) segment has recorded a subscription of 10 times, and the qualified institutional buyer (QIB) category has been subscribed 8 times.

Analysts attribute the strong retail interest to MobiKwik’s brand recognition, innovative financial products, and potential for growth in India's expanding digital payments sector.

Grey Market Premium (GMP) Update

The grey market premium (GMP) for MobiKwik’s IPO has remained strong, trading at approximately ₹120-₹130 above the issue price. This suggests a positive sentiment among investors about the stock's listing performance. GMP trends often serve as an indicator of expected listing gains, although they are not definitive.

IPO Details

  • Issue Price: ₹___ - ₹___ per share
  • Lot Size: ___ shares
  • Issue Period: ___ to ___
  • Total Offer Size: ₹___ crore

What’s Next?

The IPO will close for subscription today, and all eyes are now on the allotment process, scheduled for next week. Investors and analysts will also closely monitor the company’s listing on the stock exchange, where it is expected to make a significant debut.

Stay tuned for further updates on allotment status and listing performance!

Disclaimer: Grey market premiums (GMP) are unofficial and subject to market fluctuations.

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