Here are the key details about the IPO, including the Grey Market Premium (GMP), listing date, allotment schedule, and the price band.
One Mobikwik Systems Limited is launching its IPO to raise ₹572.00 crores through a fresh issue of 20.5 million shares. The IPO opens for subscription on December 11, 2024, and closes on December 13, 2024. Mobikwik aims to list its shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with the tentative listing date set for December 18, 2024.
The IPO price band is set between ₹265 and ₹279 per share, with a minimum lot size of 53 shares, making the minimum investment for retail investors ₹14,787. The issue includes a reservation for various investor categories, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Investors (RIIs), and Anchor Investors.
Key Details
| IPO Type | Book Built Issue |
| Face Value | ₹2 per share |
| Price Band | ₹265 to ₹279 per share |
| Total Issue Size | ₹572.00 crores (20,501,792 shares) |
| Fresh Issue | ₹572.00 crores (20,501,792 shares) |
| Listing At | BSE, NSE |
Lot Size and Investment
| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,787 |
| Retail (Max) | 13 | 689 | ₹192,231 |
| S-HNI (Min) | 14 | 742 | ₹207,018 |
| S-HNI (Max) | 67 | 3,551 | ₹990,729 |
| B-HNI (Min) | 68 | 3,604 | ₹1,005,516 |
Important Dates for Mobikwik IPO
| Event | Date |
|---|---|
| IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 |
| Basis of Allotment | December 16, 2024 |
| Refund Initiation | December 17, 2024 |
| Credit to Demat | December 17, 2024 |
| Listing Date | December 18, 2024 |
Investment Details
Retail investors can bid for a minimum of 53 shares, with an investment of ₹14,787 at the upper price band. High Net-Worth Individuals (HNI) have higher requirements, starting at 742 shares for ₹2,07,018 (sNII) and 3,604 shares for ₹10,05,516 (bNII).
This IPO provides an opportunity for investors to participate in a growing digital wallet and payment solutions company. However, retail investors should carefully evaluate their risk appetite before applying.
Anchor Investor Participation
Mobikwik raised ₹257.40 crores from anchor investors on December 10, 2024, before the IPO opened. Anchor investors shares will have a lock-in period. Half will be released after 30 days (January 15, 2025), and the rest after 90 days (March 16, 2025).
The strong response from anchor investors reflects market confidence in the company’s growth potential.
Conclusion
Mobikwik IPO offers a promising investment opportunity in the booming fintech sector. With a robust share reservation strategy and strong backing from anchor investors, it has garnered significant attention. Retail and HNI investors should carefully assess the company’s performance, growth potential, and market conditions before making an investment decision. Additionally, understanding the overall market trends will help investors make a more informed choice.
Power of Algorithms in Options Trading, Try Spider Now: Register Now
If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.
Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein. 
