MobiKwik shares are likely to be allotted to successful bidders today, December 16, after the issue received a solid response from retail and non-institutional investors on the final day of bidding.
Given the ‘T+3’ listing rule, which became mandatory from December 1, 2023, the public issues must be listed on or before the third day of the issue close and shares should be credited into demat accounts of successful bidders ahead of the listing date. Shares of One MobiKwik Systems Ltd are scheduled to be listed on the NSE and BSE on December 18.
MobiKwik IPO Subscription Status
The Rs 572 crore issue was subscribed nearly 120 times, as investors bid for 141.72 crore shares against the 1.18 crore shares on offer. MobiKwik IPO was subscribed 134.67 times in the retail category, followed by qualified institutional buyers (QIBs) at 119.50 times. The non-institutional investors portion was booked 108.95 times, amounting to 35.27 crore shares against 32.37 lakh shares on offer.
MobiKwik IPO Allotment Status
Investors can check the allotment status online through the official websites of NSE and BSE, as well as the issue’s registrar, Link Intime Services Pvt Ltd.
Here’s how to check allotment status on the BSE website:
Go to the BSE IPO allotment page - https://www.bseindia.com/static/investors/application_statusch
Select ‘Equity’ as the issue type
Select ‘One MobiKwik Systems Ltd’ from the list
Enter your application number or PAN
Click ‘Search’ and your allotment status will appear on your screen.
Here’s how to check MobiKwik IPO allotment status on registrar’s website:
Visit the registrar’s website - https://linkintime.co.in/Initial_Offer/public-issues.html
Select MobiKwik IPO from the list available
Enter your application number, DP/Client ID or PAN
Click on ‘Submit’ to view your allotment status
In addition, investors can check the allotment status in this mainboard issue through the NSE’s website by using their Login IF and password on the portal or by creating a new registration.
MobiKwik IPO GMP Today
MobiKwik shares are commanding a grey market premium (GMP) of around 60 per cent. According to Investorgain, Mobikwik's shares were trading at Rs 444, reflecting a GMP of Rs 165 or 59.14 per cent over the upper end of the IPO price band of Rs 279.
Founded in 2009 by husband and wife team Bipin Preet Singh and Upasana Taku, MobiKwik is a fintech company offering prepaid digital wallets and online payment services. As of June 2024, the company has a user base of over 161 million and a vast merchant network of 4.26 million. MobiKwik offers a range of services including digital payments, credit facilities and investment products, catering to a diverse customer base.
