On the basis of tremendous enthusiasm from retail investors, the IPO of One MobiKwik Systems was subscribed 20.37 times on the second day i.e. on Thursday. The fintech firm’s IPO witnessed heavy participation from retail and non-institutional investors for the second day. According to PTI news, data available on NSE shows that the company received bids for 24,18,36,721 shares as against 1,18,71,696 shares for the issue. The price band of Rs 265-279 per share has been fixed for One MobiKwik Systems IPO.
Retail investors’ share got 64.52 times subscription
According to the report, the retail individual investors (RII) portion received 64.52 times subscription, while the non-institutional investors portion received 30 times subscription, while the qualified institutional buyers (QIB) portion received 84 per cent subscription. The company raised Rs 257 crore from anchor investors on Tuesday. Let us tell you, the IPO of Rs 572 crore will end on December 13.
This is a completely new issue of equity shares
It should also be noted that this public issue is a completely fresh issue of equity shares up to Rs 572 crore, with no offer-for-sale (OFS) component. This is the second attempt at a public issue by the Gurugram-based firm after its first attempt in July 2021. Earlier, the company had postponed its IPO plans due to adverse market conditions and had also withdrawn the draft papers.
Share will be listed on BSE and NSE
Founded by Bipin Preet Singh and Upasana Taku, MobiKwik – the company’s flagship application – gives consumers access to various payment options and financial products across digital credit, investments and insurance. SBI Capital Markets and DAM Capital Advisors Limited are the book-running lead managers to the offer. The company’s shares will be listed on BSE and NSE.
how much is gpm today
According to experts, the One MobiKwik Systems IPO GMP or gray market premium reached ₹156 per share on Thursday, December 12, the second day of the bidding process. It shows that in the gray market, MobiKwik shares are trading at ₹435 per share, 56% higher than the issue price of ₹279 per share.
