MobiKwik IPO Listing Live: Stellar listing on the cards after issue sees subscription of over 100x
MobiKwik IPO Listing Live: Shares of One MobiKwik Systems Ltd., parent company of fintech services platform MobiKwik, will be making their stock market debut on Wednesday, December 18. The ₹572 crore IPO, which was a complete fresh share issue, saw strong demand from investors during the three-day bidding process. The IPO saw overall subscription of close to 120 times the total shares on offer, resulting in bids worth nearly ₹40,000 crore.
MobiKwik IPO Listing Live: Bids Worth Nearly ₹40,000 Crore
MobiKwik’s three-day Initial Public Offering was subscribed nearly 120 times. Investors placed bids for 141.72 crore shares, compared to the 1.18 crore shares on offer.
The IPO ended up with bids worth over ₹39,500 crore, while the plan was to raise ₹572 crore through the issue.
MobiKwik IPO Listing Live: More About The IPO
MobiKwik had priced its ₹572 crore IPO between ₹265 to ₹279 per share.
The company raised funds from anchor investors ahead of its IPO.
The issue ended up with bids worth nearly ₹40,000 crore.
MobiKwik IPO Listing Live: Strong Subscription May Result In Stellar Listing
Good Morning!
Hello and Welcome to the Live updates of the listing of One MobiKwik Systems Ltd., the parent company of payment services platform MobiKwik.
The ₹572 crore IPO was a purely fresh issue of shares, meaning all the proceeds will go to the company.
The three-day issue received a strong response from all investor categories.
Follow this space for all the LIVE updates.