The Mobikwik IPO (Initial Public Offering) has grabbed the attention of investors as it enters its final day of bidding on December 13, 2024. The ₹572 crore public issue opened on December 11, 2024, and has been seeing strong demand across different investor categories.
Mobikwik IPO Subscription Status
As per data available, the IPO has been subscribed 20.41 times overall by the end of the second day, December 12, 2024. The interest shown by investors reflects positive sentiment toward Mobikwik’s future potential.
Here’s how different categories of investors have responded to the IPO so far:
- Retail Investors:
- The retail portion, which is reserved for small individual investors, has been subscribed 64.65 times. This shows significant interest among retail participants.
- Non-Institutional Investors (NIIs):
- High-net-worth individuals (HNIs) and other non-institutional investors have subscribed to their portion 30.07 times.
- Qualified Institutional Buyers (QIBs):
- This segment, which includes banks, mutual funds, and other financial institutions, has subscribed to 0.84 times so far, showing moderate interest.
In the grey market, Mobikwik shares are trading at a premium of ₹150 over the upper price band of ₹279. This suggests a potential listing price of ₹429 per share, which could mean a 54% gain for investors who receive an allotment. The grey market premium reflects the confidence of informal markets in Mobikwik’s future.
Key Details of Mobikwik IPO
- Issue Size: ₹572 crore
- Price Band: ₹265 to ₹279 per share.
- Lot Size: Investors need to apply for a minimum of 53 shares per lot. This means a retail investor will need at least ₹14,787 to participate at the upper price band.
- Subscription Period: December 11 to December 13, 2024.
Mobikwik is a prominent digital payment platform in India. It offers a wide range of services, including online payments, digital wallets, and lending solutions. The company plans to use the funds raised through the IPO to expand its business operations, invest in technology, and enhance its product offerings.
Important Dates to Remember
- Share Allotment Date: Tentatively set for December 14, 2024, or December 16, 2024, if delayed.
- Listing Date: Expected Listing Date: December 18, 2024, on NSE and BSE.
The Mobikwik IPO has seen strong demand, especially from retail investors and non-institutional investors. While the grey market premium points to potential listing gains, investors should carefully analyze the risks and opportunities before making a decision. Make sure to conduct detailed research or seek advice from a financial advisor before making any investment decisions.
