One Mobikwik Systems Limited made a spectacular stock market debut, listing at ₹440 on NSE and ₹442.25 on BSE, delivering a 57.7% and 58.5% premium, respectively, over its IPO price of ₹279.
The fintech firm’s IPO received overwhelming investor interest during its three-day subscription window, underscoring strong demand for the company’s shares.
Key Mobikwik IPO Details:
- IPO Subscription Period: December 11-13, 2024
- IPO Size: ₹572 crore (Fresh issue of 2.05 crore shares)
- Issue Price Range: ₹265-279 per share
- Allotment Finalization: December 16, 2024
- Listing Date: December 18, 2024
- Stock Exchanges: BSE and NSE
Strong Subscription Highlights:
The IPO was oversubscribed 119.38 times overall, reflecting robust investor enthusiasm across categories:
- Retail Investors: 134.67 times
- Qualified Institutional Buyers (QIBs): 119.50 times
- Non-Institutional Investors (NIIs): 108.95 times
Mobikwik’s strong market debut highlights investor confidence in its business growth, profitability, and leadership in the fintech space.
