MobiKwik Share Allotment and Latest GMP : The share allotment in the IPO of digital payment platform One MobiKwik Systems Limited (MobiKwik Systems) is expected to be finalized today, 16 December 2024. Investors who have bid in the IPO will have to wait for share allotment. This IPO has received an excellent response from investors and has been subscribed around 126 times overall. At the same time, its gray market premium is indicating that it will be listed at more than 50 percent more than its IPO price. If you have applied, you can check the allotment status from the website of BSE and Registrar. The listing of the stock will take place on BSE and NSE on October 18.
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Mobikwik IPO: Bumper response from investors
The IPO of MobiKwik Systems Limited has been subscribed 125.69 times overall. In the IPO, 10 percent share was reserved for retail investors and it was filled 141.78 times overall. 15 percent of the IPO was reserved for non-institutional investors (NII) and it was subscribed 114.7 times overall. Whereas 75 percent of the share was reserved for Qualified Institutional Buyers (QIB) and it was filled 125.82 times overall.
Mobikwik IPO GMP: 57%
There is a tremendous craze in the gray market regarding the IPO of One MobiKwik Systems Limited. The unlisted stock of the company is trading at a premium of Rs 160 in the gray market. In terms of upper price band Rs 279, this premium is 57 percent. This premium is indicating that the company’s stock may be listed at Rs 439 compared to its issue price of Rs 279. Those who bid in the IPO will be allotted shares today, on December 16, 2024, while the company’s shares will be listed in the stock market on December 18.
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Share allotment status check: From BSE website
For this, first you have to go to BSE website.
Link: bseindia.com/investors/appli_check.aspx
After that the equity box has to be checked.
Then you have to enter the name of the issue One MobiKwik Systems Ltd in the dropdown.
After that you have to type your application number in the box.
After that you will have to provide information about your PAN number.
Finally you will have to click on the search button, after which complete information will appear.
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Share allotment status check: From Registrar’s website
Link Intime is the registrar of this issue. For this IPO you have to visit the registrar’s website.
For this IPO you will have to visit the registrar’s website.
Link: https://linkintime.co.in/initial_offer
Type the company name One MobiKwik Systems Ltd in the dropdown.
After this enter PAN number, application number or depository/client ID in the box.
Then enter the captcha and click on the search button. Then you will know your status.
MobikWik Systems: Company Strengths
Drive growth through the company’s legacy of providing positive and sustainable consumer experiences.
Efficient operational management of loan products distributed by the company
Increasing trust in brand
Technology and product first approach to business
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IPO Key Risks: Major Risks
Security breaches and attacks against the Platform, and any potential breach or failure to otherwise protect personal, confidential and proprietary information, could harm the Company’s reputation. It may also adversely affect the company’s financial condition and results of operations.
There may be a question whether the company will be able to maintain the level of growth including the financial services business or not. There is no indication whether the company’s performance in the past will continue in the future or not. Also, it cannot be an indicator of future financial results.
