Mobikwik IPO Allotment Date, GMP, Listing Details & How to Check Status Online
Learn about the Mobikwik IPO allotment date, grey market premium (GMP), share listing details, and step-by-step instructions to check allotment status online.
The much-anticipated Mobikwik IPO has caught the attention of investors with its strong subscription figures and promising grey market performance. If you have applied for Mobikwik shares, here is everything you need to know about the IPO allotment, listing, objectives, and how to check your allotment status online.
Mobikwik IPO Allotment Date
Mobikwik’s IPO allotment status is expected to be finalized on December 16, 2024. The allotment process comes after the strong bidding phase, where the IPO saw high demand across all categories of investors.
With the new ‘T+3’ listing rule effective from December 1, 2023, shares must be credited to the Demat accounts of allottees within three days of the issue closure. This ensures a faster listing process, allowing Mobikwik shares to debut on December 18, 2024.
Mobikwik IPO Listing Details
- Listing Date: December 18, 2024
- Time: 10:00 AM
- Exchanges: Shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The IPO was priced at ₹265 to ₹279 per share, and market observers are expecting a significant premium listing based on grey market trends.
Grey Market Premium (GMP)
As of today, the Mobikwik IPO GMP is ₹166, indicating a 59% expected premium on the upper price band. This reflects the market’s optimism about the company’s potential and growth in the digital payments sector.
IPO Subscription Highlights
Mobikwik’s IPO received an overwhelming response, with a total of 141.72 crore bids against just 1.18 crore shares available.
- Retail Investors: Subscribed 134.67 times
- Non-Institutional Investors (NIIs): Subscribed 108.95 times
- Qualified Institutional Buyers (QIBs): Subscribed 119.50 times
Mobikwik IPO Objectives
The ₹572 crore raised through the IPO will be used for:
- Growing the company’s financial and payment services.
- Investing in research and development for technologies like machine learning (ML) and artificial intelligence (AI).
- Expanding capital expenditure for payment devices.
- General corporate purposes.
Before the IPO, the company secured ₹257 crore through the anchor round, further strengthening investor confidence.
Company Financials
Mobikwik has shown significant financial improvement in recent years:
- FY24: Posted a net profit of ₹14.08 crore, reversing the previous year’s net loss of ₹83.81 crore. Revenue grew by 62.19%, reaching ₹875 crore.
- Q1 FY25: The company recorded revenue of ₹342.27 crore with a reduced net loss of ₹6.62 crore.
How to Check Mobikwik IPO Allotment Status Online
Once the allotment status is announced, you can check it through the BSE or Link Intime website. Here’s a step-by-step guide:
Via BSE Website:
- Visit the official BSE website: bseindia.com/investors/appli_check.aspx.
- Select “Equity” under the Issue Type option.
- Choose “One Mobikwik Systems Limited” from the Issue Name dropdown.
- Enter your application number or PAN number.
- Verify using the “I’m not a robot” checkbox.
- Click “Search” to view your allotment status.
Via Link Intime Website:
- Go to Link Intime’s IPO portal: linkintime.co.in/initial_offer/public-issues.html.
- Select “One Mobikwik Systems Limited” from the company name dropdown.
- Choose one of the following options: PAN, application number, DP/Client ID, or Account number.
- Enter the required details and click “Submit.”
Your allotment status will appear on your screen.
Why Mobikwik IPO is in the Spotlight?
Mobikwik, a leading player in digital payment services, has attracted massive interest from retail and institutional investors alike. With the company’s strong financial performance, innovative objectives, and significant market potential, this IPO is seen as a major step in its growth journey.
Conclusion
The Mobikwik IPO has generated immense excitement among investors due to its strong financial performance and high demand during the subscription period. With the allotment date nearing and the grey market premium showing promising signs, the IPO’s listing is eagerly awaited. Whether you are a seasoned investor or a beginner, understanding the allotment process, financials, and market expectations is essential to making informed decisions. Stay tuned to HMJ Mews for the latest updates and insights on the Mobikwik IPO and other financial news.
Disclaimer
The information provided in this article is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to invest in any particular stock or IPO. We encourage readers to consult certified financial advisors or conduct their own research before making investment decisions. HMJ Mews does not take responsibility for any financial decisions based on the information provided in this article.
