The initial public offering (IPO) of One MobiKwik Systems Limited concluded on December 13, 2024, with an impressive overall subscription of 119.38 times. The public issue witnessed overwhelming demand from all categories of investors, underscoring its strong appeal in the market.
Key Subscription Figures:
- Overall Subscription: 119.38 times
- Qualified Institutional Buyers (QIB): 119.50 times
- Non-Institutional Investors (NII): 108.95 times
- Retail Individual Investors (RII): 134.67 times
IPO Highlights:
The fintech company offered a fresh issue of 2.05 crore equity shares, targeting to raise ₹572 crore at the upper price band of ₹279 per share. The price band was set at ₹265-₹279, with a minimum lot size of 53 shares. Retail investors had to invest a minimum of ₹14,835 to participate.
Grey Market Premium (GMP) Trends:
The IPO saw strong demand in the grey market, with shares trading at a premium of ₹158, translating to an indicative price of ₹437 per share. This reflects a 57% premium over the upper price band.
Timeline:
- Subscription Period: December 11–13, 2024
- Allotment Date: December 16, 2024
- Listing Date: December 18, 2024
The shares are set to debut on the BSE and NSE, with investors eagerly anticipating strong post-listing performance.
