Mobikwik IPO News / Opportunity to invest in Mobikwik's IPO from today, know the latest GMP in the market

Mobikwik IPO News: Fintech company One Mobikwik Systems Limited has opened its much-awaited initial public offering (IPO) for investors from today, 11 December 2024. This IPO will remain open for investors till 13 December 2024. Mobikwik aims to raise ₹572 crore through this public issue.

Key features of IPO

Let's understand this IPO of Mobikwik in eight key points:

Price Band:

The price band of Mobikwik IPO has been fixed at ₹265 to ₹279 per equity share.

Subscription Period:

This IPO will start from 11 December 2024 and will remain open till 13 December 2024.

IPO Size:

The company aims to raise a total of ₹572 crore from this public issue.

Lot Size:

Investors can buy a minimum of 53 shares as one lot in the IPO.

Share Allotment Date:

The likely date for share allotment of this IPO is December 14, 2024. If there is any delay, the final announcement of allotment may be made by December 16, 2024.

Registrar:

The management of this IPO has been entrusted to Link Intime India Private Limited.

Lead Manager:

SBI Capital Markets and DAM Capital Advisors have been appointed as the lead managers for this public issue.

Listing Date:

The listing of MobiKwik IPO on the stock market is likely to happen on December 18, 2024.

GMP (Grey Market Premium)

The latest grey market premium (GMP) of MobiKwik IPO in the grey market is running at ₹136. Accordingly, the estimated listing price of the IPO can be ₹415. This represents a potential gain of 48.75% at the upper level of the current price band.

Should you invest?

MobiKwik has made a strong presence in digital payments and fintech services in India. Its expanding customer base and the growing demand in the fintech sector make it an attractive investment option. However, it is important to analyze the company's financial position, market conditions, and your investment objectives before investing.

Conclusion:

MobiKwik's IPO presents an interesting opportunity for investors who want to take advantage of the rapidly growing fintech sector. But as every investment involves risk, it is important to make informed decisions.