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Mobikwik IPO Allotment and Listing Update
Investors have been eagerly awaiting the share allotment results of One Mobikwik Systems Limited’s Initial Public Offering (IPO), which ended on 13th December 2024. With strong subscription numbers and high demand across investor categories, the IPO has garnered significant attention in the market. Adhering to the ‘T+3’ listing rule, the company is expected to list its shares on the stock exchange within three trading days post-allotment.
The allotment process is a critical step in finalizing which investors will receive shares, given the IPO’s oversubscription. While the allotment date is tentatively set for 14th December 2024, this being a Saturday may result in a delay, pushing the allotment status announcement to 16th December 2024 (Monday).
Let’s delve into the key aspects of the Mobikwik IPO, including its Grey Market Premium (GMP), subscription details, and how investors can check their allotment status.
Mobikwik IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) provides an unofficial yet insightful forecast of how an IPO might perform on listing day. As of today, Mobikwik’s GMP stands at ₹158, a clear signal of strong demand and market optimism.
Considering the issue price range of ₹265 to ₹279 per share, the grey market expects Mobikwik’s shares to list at around ₹437 per share (₹279 issue price + ₹158 premium). This implies a potential 57% listing gain for investors who are allotted shares.
The GMP trend reflects investor confidence in the company’s future growth prospects. Although grey market prices are not definitive, they often serve as a barometer for listing day performance. With Mobikwik’s impressive subscription rates and high GMP, market participants are anticipating a robust listing debut.
Mobikwik IPO Subscription Status
Mobikwik’s IPO witnessed tremendous interest across retail investors, non-institutional investors (NIIs), and qualified institutional buyers (QIBs). According to BSE data, the IPO was subscribed 119.38 times overall, showcasing its strong demand in the market.
Here’s a detailed breakdown of the subscription status:
- Retail Investors: The retail portion of the IPO was subscribed a whopping 134.67 times, underscoring the massive interest from individual investors.
- Non-Institutional Investors (NIIs): This category saw 108.95 times subscription, reflecting high demand from high-net-worth individuals and smaller institutional investors.
- Qualified Institutional Buyers (QIBs): The QIB category was subscribed 119.50 times, highlighting significant participation from large financial institutions, mutual funds, and foreign investors.
The overwhelming response across all investor categories reflects strong confidence in Mobikwik’s business model and growth potential.
Mobikwik IPO Allotment Date
As per the IPO schedule, Mobikwik’s share allotment date is expected to be 14th December 2024, i.e., today. However, since this falls on a Saturday, there might be a delay, and the allotment status could be announced on 16th December 2024 (Monday) instead.
Once the allotment is finalized, investors will be notified via email or SMS from their depository participants (such as NSDL or CDSL). It is also essential for investors to keep an eye on the registrar’s website or the BSE portal to check their allotment status directly.
How to Check Mobikwik IPO Allotment Status
Investors can easily check the allotment status of their Mobikwik IPO application online. The process is simple and can be done through either the BSE website or the official website of the IPO registrar, Link Intime India Private Limited.
Steps to Check on BSE Website:
- Visit the BSE IPO allotment status page: bseindia.com/investors/appli_check.aspx.
- Select ‘Equity’ as the issue type.
- Choose ‘Mobikwik IPO’ from the dropdown menu.
- Enter your application number or PAN details.
- Click on ‘Search’ to view your allotment status.
Steps to Check on Link Intime Website:
- Go to Link Intime’s IPO page: linkintime.co.in/initial_offer/public-issues.html.
- Select ‘Mobikwik IPO’ from the list of IPOs.
- Enter your application number, DP ID/client ID, or PAN details.
- Complete the CAPTCHA and click ‘Submit’ to check your status.
By following these steps, investors can find out whether they have been allotted shares. Those who are unsuccessful will have their application money refunded to their linked bank accounts.
Listing Expectations for Mobikwik IPO
Based on the subscription data and GMP trends, Mobikwik’s shares are anticipated to list at a substantial premium to their issue price. If the shares list near the grey market’s estimated price of ₹437, early investors could see gains of around 57%.
Mobikwik’s IPO has captured the market’s attention due to its strong digital payments presence and the growing demand for fintech solutions in India. The company’s extensive user base and continuous innovation make it a promising candidate for future growth, further fueling investor interest.
Conclusion
The Mobikwik IPO has been a remarkable success, with subscriptions soaring across all investor categories and a strong Grey Market Premium suggesting robust listing gains. While the allotment date is tentatively set for 14th December 2024, any delay would push the announcement to 16th December 2024 (Monday).
Investors who receive allotments are likely to benefit from a significant listing premium, while those who miss out will receive refunds promptly. As the listing date approaches, all eyes are on Mobikwik to deliver on its promising market debut.
For now, investors can stay updated on their application status via the BSE or Link Intime portals. The market eagerly awaits Mobikwik’s first trading day, which could set the tone for future IPOs in the fintech space.
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