Mobikwik IPO GMP, Issue Size, Open Date, Price Band, Allotment Status

Mobikwik IPO GMP quotation is Rs 58 per share. Mobikwik IPO open date is on 11 December to 13 December 2024. This new IPO is a book-built issue of Rs 572 crores. This upcoming IPO is an entirely fresh issue of Rs 572 crores and no OFS is available.

Mobikwik IPO price band is Rs 265 to Rs 279 per share. As of now, Mobikwik IPO GMP is 58 indicates mild bullish sentiment for this IPO among investors.

Mobikwik IPO lot size is 53 shares and the allotment status is finalised on Monday, December 16, 2024. The minimum investment for the retail investors for 1 lot is Rs 14,787. The registrar for Mobikwik IPO is Link Intime India Private Limited. The listing date is 18 December 2024. 

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Mobikwik IPO GMP

Mobikwik IPO GMP quotation is around Rs 58 per share. You can check the latest GMP price from the first day of subscription. If the subscription got oversubscribed then Mobikwik IPO GMP might rise in the coming days.

Mobikwik IPO Price Band

Mobikwik IPO price band is 265 to Rs 279 per share. The minimum amount of investment for the retail category is to be around Rs 14,787 and for small NII minimum investment is to be around Rs 1,92,231. The minimum investment for the Big NII is to be around Rs 10,05,516.

Mobikwik IPO Open Date, Close Date

Mobikwik IPO open date is Wednesday, 11 December 2024 and closing date is Friday, 13 December 2024. Initiation of refund date is 17 December 2024 and credit of shares will be on 17 December 2024.

Mobikwik IPO Allotment Status

Mobikwik IPO allotment status will be finalised on Monday, 16 December 2024. The listing will be on the BSE and NSE platforms on Wednesday 18 December, 2024. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

Mobikwik IPO Listing Date 

Mobikwik IPO listing date will be on Wednesday, 18 December 2024. The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Mobikwik IPO: Listing Date, Lot Size, Price Band

Mobikwik IPO  Limited: About the Company

Mobikwik Limited was founded in 2009, by Bipin Preet Singh and Upasana Taku. Mobikwik IPO is a digital fintech company that provides a variety of financial products and services.

As of September 30, 2023, Mobikwik Limited has 146 million registered users and a merchant network of 3.81 million. The products of Mobikwik Limited are Mobile Wallet, Buy Now Pay Later, Personal Loans, Merchant Cash Advances, Wealth Management, Insurance distribution, payment gateway.

Mobikwik Limited launched digital credit in 2018, to address the credit needs of the digital youth. With the 40 million credit pre-approved users, Mobikwik IPO focused on providing credit to the userved Indian population.

Mobikwik IPO Objectives

Mobikwik IPO's objective is to provide better services to merchants for accepting payments. The IPO funds will be used for improving the technology and payment services.

Also, the money will be used for funding the growth in the Financial Services Business and payment services business. Also Investment in data, ML, AI, product and technology. The remaining funds will be used for fulfilling the general corporate purposes.

Mobikwik IPO: Key Dates, Allotment, Listing Date

Mobikwik IPO Subscription Status, IPO Reservation

Mobikwik IPO subscription status will be available after the IPO opens on 11 December 2024. In the QIB category 75% of the net offer is reserved. The remaining 10% is reserved for the retail investors and 15% is for Non-Institutional investors.

Mobikwik IPO Lot Size Details

Mobikwik IPO lot size is 53 shares per lot. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,787 and the maximum is 13 lots, amounting to be around Rs 1,92,231. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,07,018.

Mobikwik IPO Promoter Holdings

Mobikwik IPO promoters are Bipin Preet Singh and Upasana Taku. The promoters' shareholdings before the IPO were 32.96%; however, after the IPO, shareholdings will decline.

Mobikwik Limited Company Financials

Mobikwik Limited posted revenue of Rs 890.32 crore and net profit of Rs 14.08 crore for the period ending on 31 March 2024. The company’s revenue increased by 59% and PAT rose by 117% between the FY ending on 31 March 2024 and 31 March 2023.

Mobikwik IPO Registrar

Mobikwik IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Mobikwik IPO Lead Managers

Mobikwik IPO lead managers are SBI Capital Markets and DAM Capital Advisors.

How to apply to Mobikwik IPO

Interested investors can apply to the Mobikwik IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Mobikwik IPO Review

Mobikwik IPO may get a positive response from the general public. The company is involved in the digital payment business. So, investors interested in the fintech sector can apply to this IPO.

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Mobikwik IPO GMP will also rise.

Mobikwik IPO FAQ

1. What are the details of the Mobikwik IPO?

Mobikwik IPO is a book-built issue of Rs 572 crores. This upcoming IPO is an entirely fresh issue of Rs 572 crores and no OFS is available.

2. When will the Mobikwik IPO open and close?

Mobikwik IPO open date is Wednesday, 11 December 2024 and closing date is Friday, 13 December 2024. Initiation of refund date is 17 December 2024 and credit of shares will be on 17 December 2024.

3. What is Mobikwik IPO GMP?

Mobikwik IPO GMP quotation is around Rs 58 per share. You can check the latest GMP price from the first day of subscription. If the subscription got oversubscribed then Mobikwik IPO GMP might rise in the coming days.

4. What are the details of Mobikwik IPO Subscription Status?

Mobikwik IPO subscription status will be available after the IPO opens on 11 December 2024. In the QIB category 75% of the net offer is reserved. The remaining 10% is reserved for the retail investors and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status?

Mobikwik IPO allotment status will be finalised on Monday, 16 December 2024. The listing will be on the BSE and NSE platforms on Wednesday 18 December, 2024. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Mobikwik IPO?

Mobikwik IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status.The lead managers are SBI Capital Markets and DAM Capital Advisors Limited.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners