Mobikwik IPO Allotment Announced: How to Check Status, GMP, and Listing Price
News Synopsis
The allotment of shares for One Mobikwik Systems Limited, a leading digital payments service provider, is set to take place today, December 16, 2024. The IPO saw strong participation from investors during its three-day subscription window, which concluded on December 13, 2024.
Offered at a price band of Rs 265–Rs 279 with a lot size of 53 shares, the public issue received a total of 1,41,72,86,992 bids, reflecting an oversubscription of 119.38 times against the 1,18,71,696 shares available.
Final Subscription Status of Mobikwik IPO
The IPO received overwhelming responses across investor categories:
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Retail Individual Investors (RIIs): Subscribed 134.67 times the quota reserved for them, showing the highest demand.
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Qualified Institutional Buyers (QIBs): Subscribed 119.50 times their allocated quota.
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Non-Institutional Investors (NIIs): Subscribed 108.95 times.
The massive oversubscription highlights the strong market confidence in Mobikwik’s growth prospects and leadership in the digital financial services sector.
How to Check Mobikwik IPO Allotment Status
Investors awaiting the allotment can check their status once it is finalized. The allotment details will be available on the official websites of BSE, NSE, and Link Intime India, which serves as the registrar for the issue. Here’s how to check:
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BSE Website: Check Mobikwik IPO Allotment Status.
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Link Intime India: Direct Access.
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NSE Website: IPO Allotment Status.
Mobikwik IPO Grey Market Premium (GMP)
Mobikwik’s unlisted shares are witnessing a strong demand in the grey market. On Monday, December 16, 2024, the shares were trading at Rs 444, indicating a grey market premium (GMP) of Rs 165, which translates to a 59.14% increase over the upper price band of Rs 279. However, since the grey market is unregulated, these figures are speculative and not a guaranteed indicator of listing performance.
Expected Listing Price of Mobikwik IPO Shares
Shares of Mobikwik are scheduled to list on the BSE and NSE on Wednesday, December 18, 2024. Based on grey market trends, the shares are projected to debut at approximately Rs 444, offering a potential 59% premium over the issue price. Investors should note that market dynamics could influence the actual listing price.
About One Mobikwik Systems
One Mobikwik Systems Limited is a technology-driven financial services company specializing in digital payments, credit solutions, and investment products. As of June 2024, the company has a substantial user base of over 161 million users and a network of 4.26 million merchants, making it a significant player in the digital finance ecosystem.
Key Features and Services
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Digital Payments:
Mobikwik facilitates quick and secure online payments, including mobile recharges, utility bills, and e-commerce transactions. -
Credit Solutions:
The company offers a unique service called "Buy Now, Pay Later" (BNPL), providing instant credit to users for purchases. -
Investments:
Mobikwik also enables users to invest in mutual funds and other financial instruments directly through its platform. -
Merchant Network:
With a merchant base of 4.26 million, Mobikwik supports small and large businesses by integrating payment solutions that accept multiple payment modes, including UPI, cards, and wallets.
User Base and Reach
As of June 2024, Mobikwik has a robust customer base of over 161 million users, reflecting its widespread acceptance and trust among Indian consumers. It has become an essential part of the growing digital economy in India.
Innovations and Growth
Mobikwik focuses on innovation, leveraging AI-driven technologies to enhance user experience and expand its financial services. Its commitment to a cashless economy aligns with the Indian government's vision of "Digital India."
Industry Recognition
The company has been recognized for its contributions to the fintech ecosystem and is often considered a pioneer in the digital payments space. Its recent IPO reflects investor confidence in its future growth and market leadership.
Mobikwik continues to bridge the gap between technology and financial services, empowering millions of individuals and businesses across India.
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