The IPO of Mobikwik, launched by one of the leading Indian FinTech companies in the country, has caught the eyes of investors all over India. Due to its expertise in digital wallets and payments, Mobikwik IPO was open for subscription between 11th December 2024 and 13th December 2024 and has now completed its allotment of shares on Monday, 16th December 2024. Because the listing date is Wednesday, 18 December 2024, when it is available for public subscription, the highest extent of interest is then concentrated around that public offering.
If you applied for Mobikwik IPO and wish to know your allotment status, then this guide will provide you with all the crucial information including details about the IPO, its subscription status, and the future of MobiKwik.
The MobiKwik IPO: A Quick Overview
The MobiKwik IPO was a book-built IPO of ₹572 crore (including a fresh issue of 2.05 crore equity shares). The price range was fixed between ₹265 and ₹279 per share, thereby ensuring an attractive deal for retail and institutional investors. The subscription period ran smoothly, with the allotment process completed just one day before writing this article, on December 16, 2024.
The IPO witnessed remarkable participation, with a subscription rate of 125.69 times the total shares on offer. The unmitigated reaction from different investor groups has been sensational with retail investors subscribing 141.78 times over, Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs) subscribing substantially 114.7 and 125.82 times over respectively.
After allotment closure, the next most important moment in MobiKwik’s evolution is its listing on NSE and BSE on December 18, 2024.
How to Check the MobiKwik IPO Allotment Status
If you are one of the IPO clients and wish to obtain a list, the list is on websites BSE, NSE, and Link Intime India (the IPO authorized registrar)
For verification of the status on the BSE website, a user has to select “Equity” in issue type, “MobiKwik IPO” in the dropdown menu, and in UI, enter the Application Number or PAN. Once the information is confirmed and a CAPTCHA is solved, the status of the allotment will be shown
Just like this, registered users on the NSE platform can access the login page, select “MobiKwik IPO”, and fill in PAN and application details to check their allotment results. Investors may also verify whether the IPO has become fully subscribed by visiting the registrar’s site www.linkintime.co.in where this facility shall be provided just by providing the IPO and some other details such as PAN, DP/Client ID.
In terms of practice, the approach is effortless for the majority of retail investors, and as such is prompt, making it easy for the allocation.
MobiKwik: A Pioneer in Digital Payments
MobiKwik, founded in 2008, is a popular player in the Indian financial technology market. Not only it has changed your digital payment scene, but through a dynamic platform, it brought a huge amount of possibilities for those who can not only recharge, and pay utility bills but also fetch one away in front of traders at online and offline businesses directly.
Mobikwik is uniquely defined by its adoption of a culture of Innovation as reflected in its support for UPI, Rupay credit cards, and QR codes. It also provides mobile money transfers to banque-to-mobile-phone and also provides banking services like checking balances, thus, it is a one-stop shop for the digital citizens of today.
The amount raised by the IPO will reinforce MobiKwik’s market share even further. The company aims, with the help of the funds, to extend the business, to be the data infrastructure, and rend to cutting-edge technologies, including artificial intelligence or machine learning. Furthermore, such income shall be directed in turn to the expansion of new products, and to various general corporate purposes.
Strong Demand and Future Prospects for Mobikwik IPO Allotment Status
The MobiKwik listing received an extremely positive response, a sure sign of the investor’s confidence in the company’s growth potential. The final day of bidding saw demand exceed expectations and all investor categories demonstrating strong representation. Retail investors in particular showed a high level of interest leading to one of the highest rates of subscriptions in a long time.
The horizon looks bright for MobiKwik’s expansion, which is at the forefront of India’s fintech revolution. As MobiKwik has plans to expand the range of payment and financial services, the company is prepared to grow rapidly with the country’s digital payment trend.
What’s Next?
As the process of allocation of shares of the IPO has now ended, the current focus is laid on the listing of the company on NSE and BSE. If you’ve applied for the IPO, make sure to check your allotment status today using one of the official platforms. This listing on December 18, 2024, is the start of a new era for MobiKwik as it further evolves the digital payments landscape in India.
For the lucky individuals who dispose of an allotment, this is the opportunity to be part of a company that is big enough, and primed for growth thanks to its large capacity over the next couple of years. Pay attention to the stock record and MobiKwik’s advancement as it progresses towards becoming one of the major players in the fintech world around the globe.
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