The Mobikwik IPO (Initial Public Offering) has generated significant interest among investors, and after the bidding process ends, the focus shifts to the announcement of the share allotment status. Investors who applied for the IPO are eagerly awaiting the details of the allotment, which will determine how many shares they will receive.
According to the new T+3 listing rule, which was introduced in December 2023, IPOs must be listed on stock exchanges within three days of the issue’s closing. For Mobikwik, this means that the IPO shares need to be credited to the Demat accounts of successful applicants before the listing date. Therefore, the Mobikwik IPO allotment date is expected to be either December 16 or December 17, 2024.
Once the allotment status is available, investors can check whether they have been allotted shares and, if so, how many. There are a few different ways to check the allotment status, making it easier for applicants to find out the results.
How to Check Mobikwik IPO Allotment Status
Investors can check the Mobikwik IPO allotment status online through either the BSE (Bombay Stock Exchange) website or the official Link Intime website. Both websites provide a simple process for applicants to follow:
Option 1: BSE India Website
- Go to the official BSE India website: https://www.bseindia.com.
- Navigate to the ‘Investors’ section in the top menu.
- Go to the ‘Issue Status’ section and select ‘Check Status.
- Choose “Equity” under “Issue Type”.
- Kindly select “One Mobikwik Systems Limited” from the dropdown menu for the issue name.
- Enter your application number or PAN number.
- Complete the CAPTCHA verification.
- Click on “Search” to view your allotment status.
Option 2: Link Intime India Website
- Visit the official Link Intime website: https://linkintime.co.in.
- Navigate to the ‘Initial Offer’ section and select ‘Public Issues.
- “Choose ‘One Mobikwik Systems Limited’ from the company list.”
- Select one of the following options to search: PAN number, application number, DP/Client ID, or account number.
- Enter the required information and click “Submit” to view your allotment status.
The allotment status will be available from the morning onwards on both websites.
Before its official listing, the Mobikwik IPO is being exchanged in the grey market. The Grey Market Premium (GMP) indicates how much higher the shares are trading in the unofficial market compared to the issue price. As of now, the GMP for Mobikwik shares is at ₹166, suggesting a strong demand and an expected 59% listing premium over the upper price band of ₹279.
This high premium indicates that the market is optimistic about the Mobikwik IPO, and investors are expecting a good listing on the stock exchanges. A positive GMP typically leads to a strong market debut when the shares are listed officially.
As the Mobikwik IPO allotment date approaches, investors are eagerly waiting for the outcome and but research and careful evaluation are key to making informed decisions.. By checking the allotment status online, they can confirm if they have received the shares they applied for. With a high GMP and strong subscription figures, Mobikwik IPO is expected to make a positive impact on the market when it lists on December 18, 2024.
