Mobikwik IPO sees dazzling response, subscribed over 114 times so far
Category-wise retail investor class led the higher subscription numbers.
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One Mobikwik Systems' IPO received a bid for 1,35,97,94,977 shares or 114.54 times against the total issue size i.e. 1,18,71,696 shares so far on the third-day bidding process, according to the data from exchanges. The fintech company's IPO window opened on December 11, 2024, and will be closed today (December 13).
At the last count (3:39: pm), the category-wise retail investor class led the higher subscription numbers with a bid applied for 27,45,79,379 shares or 127.21 times against 21,58,490 shares. On the other hand, Qualified Institutional Buyers (QIBs) bid for 73,60,19,109 shares or 113.66 times against 64,75,471 shares. Meanwhile, the Non-Institutional Investors (NII), known as HNIs, have applied for 34,91,96,489 shares or 107.85 times against 32,37,735 shares.
It witnessed a 20.41 times subscription on the second-day share sale process against the total issue size i.e. 1,18,71,696 shares, while on the first day, the total bids applied by investors was 7.32 times. Here is a summary of the first two days bidding process:
Second day, December 12, 2024
- RIIs: Applied for 13,95,42,110 shares or 64.65 times.
- QIBs: The portion received a bid of 54,45,485 shares.
- HNIs: Non-Institutional Investors (NII), also known as HNIs, have applied for 9,73,57,979 shares.
First day, December 11, 2024
- RIIs: Oversubscribed with bids for 5,77,48,111 shares or 26.75 times
- NIIs: Oversubscribed with bids for 2,90,64,299 shares or 8.98 times
- QIBs: Showed minimal participation, with bids for 1,17,660 shares
One Mobikwik Systems IPO Key Details: Issue size, price band, and lot size
With the price band of Rs 265 to Rs 279/share the company launched the IPO with an issue size of Rs 572.00 crore. The lot size of the IPO is 53 shares.
One Mobikwik Systems | Allotment date
The allotment date of One Mobikwik Systems IPO is fixed on Monday, December 16 it means applicants can check their status on December 17.
One Mobikwik Systems | Listing Date
The One Mobikwik Systems stock will debut on Wednesday, December 18, 2024.
Key Details of One Mobikwik Systems IPO; BRLMs & registrar
Book Running Lead Managers (BRLMs): SBI Capital and DAM Capital
Official Registrar: Link Intime India Private
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