Mobikwik IPO sees dazzling response, subscribed over 119.38 times on final day
Category-wise retail investor class led the higher subscription numbers.
One Mobikwik Systems' IPO received a bid for 1,41,72,65,686 shares or 119.38 times against the total issue size i.e. 1,18,71,696 shares on the third-day and closing day bidding process, according to the data from exchanges. The fintech company's IPO window was opened on December 11, 2024, and closed today (December 13).
Category-wise, the retail investor class led the higher subscription; 134.67 times against 21,58,490 shares. On the other hand, the Qualified Institutional Buyers (QIBs) portion subscribed 119.50 times against 64,75,471 shares. Meanwhile, the Non-Institutional Investors (NII) part, known as HNIs, booked 108.95 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 of the 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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