The initial public offering (IPO) of One Mobikwik Systems Limited is set to open on Wednesday, December 11, 2024. This fintech company has set its IPO price band at ₹265 to ₹279 per share. The subscription window for the Mobikwik IPO will remain open for three days, from December 11 to December 13, 2024.
Investors can apply for shares in lots, with one lot consisting of 53 shares. Ahead of the IPO, Mobikwik shares are trading at a premium of ₹132 in the grey market, indicating strong interest among investors. Here are 10 key details about the upcoming IPO:
1. Mobikwik IPO GMP (Grey Market Premium) Today
The grey market premium for Mobikwik shares stands at ₹132, reflecting positive sentiment ahead of the IPO.
2. Mobikwik IPO Price Band
The price band for the IPO has been set between ₹265 and ₹279 per equity share.
3. Mobikwik IPO Opening and Closing Dates
The IPO subscription will open on Wednesday, December 11, and close on Friday, December 13, 2024.
4. Mobikwik IPO Size
The company aims to raise ₹572 crore through this IPO, which is entirely a fresh issue.
5. Mobikwik IPO Lot Size
Investors can apply for the IPO in lots, with each lot consisting of 53 shares.
6. Mobikwik IPO Allotment Date
The tentative date for share allotment is Saturday, December 14, 2024. If there are any delays, the allotment might be announced by December 16, 2024.
7. Mobikwik IPO Registrar
Link Intime India Private Limited has been appointed as the official registrar for this IPO.
8. Mobikwik IPO Lead Managers
SBI Capital Markets and DAM Capital Advisors have been appointed as the lead managers for this public issue.
9. Mobikwik IPO Listing Date
The shares are expected to be listed on the BSE and NSE on December 18, 2024.
10. Mobikwik IPO Review
The IPO values the company at ₹2,295.45 crore. In FY24, Mobikwik reported impressive financial growth, with revenue increasing by 59% year-on-year (YoY) and Profit After Tax (PAT) surging by 117%.
With a strong grey market premium and robust financial performance, the Mobikwik IPO has generated significant buzz among investors. Don’t miss out on this opportunity if you’re looking to invest in India’s growing fintech sector!
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