Home Business MobiKwik IPO Allotment Finalised Today: GMP At 59.14%, A Step-By-Step Guide To Check Allotment Status Online – News18

MobiKwik IPO Allotment Finalised Today: GMP At 59.14%, A Step-By-Step Guide To Check Allotment Status Online – News18

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MobiKwik IPO Allotment Finalised Today: GMP At 59.14%, A Step-By-Step Guide To Check Allotment Status Online – News18

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MobiKwik IPO: The grey market continues to reflect strong sentiment, with MobiKwik’s unlisted shares trading at Rs 444 per share, indicating a premium of Rs 165 (or 59.14 per cent) over the upper price band.

The MobiKwik IPO, which opened for bidding between December 11 and December 13, received an overwhelming 125.69 times subscription.

The MobiKwik IPO, which opened for bidding between December 11 and December 13, received an overwhelming 125.69 times subscription.

MobiKwik IPO Allotment Status, GMP: The initial public offering (IPO) of One MobiKwik Systems Ltd, which closed last week on a high note receiving overwhelming investor interest, is set to enter a new phase with the allotment getting finalised shortly. Once allotted, investors will receive a bank debit message. Here are the subscription details, GMP trends, and what investors can expect next.

MobiKwik IPO: Impressive Subscription Figures

The MobiKwik IPO, which was open for bidding from December 11 to December 13, achieved an overall subscription of 125.69 times, underscoring its popularity among market participants:

Retail Investors: Subscribed 141.78 times

Non-Institutional Investors (NII): Subscribed 114.7 times

Qualified Institutional Buyers (QIB): Subscribed 125.82 times

The IPO, priced between Rs 265 and Rs 279 per share, has emerged as one of the most sought-after fintech public offerings in recent times.

MobiKwik IPO GMP Today

The grey market continues to reflect strong sentiment, with MobiKwik’s unlisted shares trading at Rs 444 per share, indicating a premium of Rs 165 (or 59.14 per cent) over the upper price band. The consistent rise in GMP since the IPO launch highlights growing enthusiasm for MobiKwik’s public debut.

MobiKwik IPO: Allotment and Listing Dates

Allotment Finalisation: December 16 (evening)

Refund Initiation for Non-Allottees: December 17

Shares Credited in Demat Accounts: December 17

Listing Date: December 18 (on BSE and NSE)

How to Check Your IPO Allotment Status

Once the allotment process is completed, investors can check their allotment status through these platforms:

1. BSE Portal

Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx.

Step 2: Under “Issue Type”, select “Equity”.

Step 3: Choose “MobiKwik Systems Ltd” from the dropdown menu.

Step 4: Enter your application number or PAN, solve the CAPTCHA, and click “Search”.

2. Registrar’s Website

Step 1: Head to Link Intime’s IPO Portal — https://www.linkintime.co.in/Initial_Offer/public-issues.html.

Step 2: Enter the required details to view your allotment status.

Other Highlights of the MobiKwik IPO

Issue Size: Rs 572 crore, consisting entirely of fresh equity shares.

Anchor Investment: MobiKwik raised Rs 257 crore from anchor investors ahead of the IPO.

Streamlined IPO: After scaling down its earlier plans of Rs 1,900 crore in 2021, MobiKwik strategically reduced the issue size to align with market conditions.

About MobiKwik

Founded by Bipin Preet Singh and Upasana Taku, MobiKwik is a leading fintech company offering digital payments, credit, insurance, and investment services. Its strategic approach to its IPO reflects the company’s focus on sustainable growth and market leadership.

What’s Next?

The strong GMP and subscription figures indicate high investor confidence ahead of MobiKwik’s stock market debut on December 18. The latest GMP signals significant listing gains for investors.

News business » ipo MobiKwik IPO Allotment Finalised Today: GMP At 59.14%, A Step-By-Step Guide To Check Allotment Status Online

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