MobiKwik IPO Allotment Status: What You Need to Know
The excitement surrounding the MobiKwik IPO is palpable as the allotment status is set to be finalized on Monday, December 16. Following a successful subscription, investors are eagerly awaiting the results. For those who participated in the initial public offering, checking the allotment status is a straightforward process that can be done online through various platforms, including the registrar Link Intime India, as well as the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The shares of One MobiKwik Systems are scheduled to be listed on the stock exchanges on Wednesday, December 18, marking a significant milestone for the company.
Subscription Success: A Record-Breaking Response
The MobiKwik IPO, which aimed to raise ₹572 crore, witnessed an overwhelming response from investors. The initial share sale received bids for a staggering 1,41,72,65,686 equity shares, far exceeding the 1,18,71,696 shares on offer. This led to a total subscription rate of 119.38 times, showcasing the strong demand for MobiKwik’s shares.
The retail investor segment was particularly enthusiastic, subscribing 134.67 times the portion reserved for them. Qualified institutional buyers (QIBs) also showed robust interest, with their portion being booked 119.50 times. Non-institutional investors (NIIs) were not far behind, subscribing their quota 108.95 times. Such high levels of subscription indicate a strong market confidence in MobiKwik’s business model and growth potential.
Anchor Investors and Offer Details
Before the IPO, MobiKwik successfully raised ₹257 crore from anchor investors, further solidifying its financial standing ahead of the public offering. The company’s offer was structured with a price range of ₹265-₹279 per share, consisting solely of a fresh issue worth ₹572 crore, with no offer-for-sale component. This strategic approach has positioned MobiKwik favorably in the eyes of potential investors.
How to Check MobiKwik IPO Allotment Status Online
For investors eager to check their allotment status, the process is simple and can be done through the following platforms:
Link Intime India
- Visit the Link Intime India website.
- Navigate to the ‘IPO’ section.
- Select ‘MobiKwik IPO’ from the list.
- Enter your PAN details and click on ‘Submit’ to view your allotment status.
National Stock Exchange (NSE)
- Go to the NSE website.
- Click on the ‘Investor Services’ tab.
- Select ‘IPO’ and then ‘Allotment Status’.
- Choose ‘MobiKwik IPO’ and enter the required details to check your status.
MobiKwik IPO Listing Date
The much-anticipated listing of One MobiKwik Systems is set for Wednesday, December 18, on both the NSE and BSE. This event marks a significant chapter in the company’s journey, as it transitions from a private entity to a publicly traded company. Investors are keenly watching how the shares perform on their debut day, which will provide insights into market sentiment and investor confidence in MobiKwik’s future.
About MobiKwik
Founded in 2008 by Bipin Preet Singh and Upasana Taku, MobiKwik has established itself as a key player in the financial technology sector. The company offers a range of services, including prepaid digital wallets and online payment solutions. Users can make purchases, pay utility bills, transfer money to phone numbers and bank accounts, and conduct QR-based payments, making MobiKwik a versatile platform for digital transactions.
As the IPO unfolds, investors and market watchers alike are keen to see how MobiKwik will leverage this opportunity to enhance its growth trajectory and expand its offerings in the competitive fintech landscape.
For more information on IPO listings, schedules, and upcoming offerings, visit our page.