One Mobikwik Systems IPO Subscription Highlights: The company’s IPO opens on December 11 and closes on December 13. The company aims to raise Rs 572 crore by selling 2.05 crore fresh shares. The allotment for the IPO is expected to be finalised on December 16. The IPO is expected to be listed on BSE and NSE on December 18, as per the tentative schedule. The IPO price band is between Rs 265 to Rs 279 per equity share. SBI Capital Markets and Dam Capital Advisors (Formerly IDFC Securities) are the book-running lead managers of the IPO, while Link Intime India Private is the registrar for the issue.
One Mobikwik Systems IPO GMP & Subscription Status Highlights
Mobikwik IPO Subscription Status Live Updates: Where can the IPO allotment status cvan be checked?
Mobikwik IPO Subscription Status Live Updates: Key dates of Mobikwik IPO
The subscription period for the Mobikwik IPO will end on December 13. The firm aims to raise Rs 572 crore through the IPO. The share allotment is likely to be final by December 16. Mobikwik is expected to debut on the stock market on December 18.
Mobikwik IPO Subscription Status Live Updates: Public issue subscription so far
The Mobikwik IPO witnessed an overwhelming response, with an overall subscription of 80.61 times so far. The retail category led the demand with a subscription of 121.36 times, followed by the Non-Institutional Investors (NII) category at 95.40 times, and the Qualified Institutional Buyers (QIB) category at 59.64 times, as per the latest update.
Mobikwik IPO Subscription Status Live Updates: Share allocation breakdown
Mobikwik IPO offers a total of 2,05,01,793 shares, with the following reservations: 30 per cent (61,50,538 shares) allocated to Qualified Institutional Buyers (QIB), 15 per cent (30,75,269 shares) to Non-Institutional Investors (NII), 10 per cent (20,50,179 shares) to Retail Individual Investors (RII), and 45 per cent (92,25,807 shares) reserved for Anchor Investors.
Mobikwik IPO Subscription Status Live Updates: Issue subscription so far
Mobikwik IPO Subscription Status Live Updates: Fund utilisation
The funds from the fresh issuance will be used for: Rs 150 crore for financial services growth, Rs 135 crore for payment services, Rs 107 crore for R&D in data, ML, AI, and tech, Rs 70.28 crore for payment devices capital expenditure, and the rest for corporate purposes.
Mobikwik IPO Subscription Status Live Updates: Anchor investors ahead of IPO
A day before its IPO opened, MobiKwik Systems secured Rs 257 crore from anchor investors. Notable participants included both foreign and domestic institutions such as the Government Pension Fund (Norges Fund), Eastspring Investments, Morgan Stanley Investments, White Oak Capital, 360 One Asset & Wealth Management, HDFC MF, Axis MF, SBI MF, and SBI General Insurance.
Mobikwik IPO Subscription Status Live Updates: GMP update
Mobikwik IPO Subscription Status Live Updates: Public issue Day 2 subscription details
Mobikwik IPO has garnered significant attention from investors, with an overall subscription of 21.67 times by the end of Day 2.
The retail category saw subscribed 68.88 times and the Non-Institutional Investors (NIIs category subscribed the issue 31.75 times on day 2 of bidding.
Qualified Institutional Buyers (QIBs) showed relatively modest interest, subscribing 0.89 times.
Mobikwik IPO Subscription Status Live Updates: What is company's plan to do from the proceedings?
The company's objective is to expand its operations and enhance its financial services business, allocate funds for infrastructure, and development in the payment services sector, make investments in the field of artificial intelligence, machine learning, and product development, and address other operational and corporate needs from the proceedings.
Mobikwik IPO Subscription Status Live Updates: IPO latest performane
As per the latest update, the MobiKwik IPO on its second day of bidding has received 20.37 times of subscription. The strong demand saw participation from retail as well as non-institutional investors. The shares offered are 1,18,71,696, total bids received till now are 24,18, 36, 721 shares. The IPO has been over-subscribed 20.37 times as per data from the National Stock Exchange.
Mobikwik IPO Subscription Status Live Updates: Is this first time Mobikwik has applied for IPO?
The Gurugram-based company has made a second attempt at a public offering after it made an effort in July 2021. The reason behind the postponement of the IPO was mentioned the market conditions were not favourable during that time. As per the National Stock Exchange (NSE), the share offering managed to collect bids for 8,68, 26, 031 shares, remarkably surpassing the 1,18,71,696 shares available.
Mobikwik IPO Subscription Status Live Updates: What Mobikwik;s MD and CEO has to say on the IPO downsize?
Mobikwik's MD and CEO, Bipin Preet Singh, mentioned that the decision to downsize the IPO to improved financial performance and strategic adjustments, aligning the valuation with current market realities.
"The company is now profitable and sustainable. We have regain from our losses and currently don't require substantial capital, enabling us to significantly reduce the IPO size," Singh stated during an event.
Mobikwik IPO Subscription Status Live Updates: Allocation and listing details
Mobikwik IPO Subscription Status Live Updates: Issue subscription so far
Mobikwik IPO Subscription Status Live Updates: Company Highlights
Founded by Bipin Preet Singh and Upasana Taku, MobiKwik offers a wide range of payment solutions for businesses, including online checkout, QR code payments, soundboxes, and cash advances.
Through its subsidiary Zaakpay, MobiKwik also operates a B2B payment gateway and has received RBI approval for its Payment Aggregator business.
Mobikwik IPO Subscription Status Live Updates: Subscription update
Mobikwik IPO Subscription Status Live Updates: Growth Stats of the company
MobiKwik reached 161 million users, processed Rs 28,578 crore in GMV, and disbursed Rs 2,347 crore in credit by June 2024. With 34 million pre-approved users, it maintains a low customer acquisition cost of Rs 33.53.
Mobikwik IPO Subscription Status Live Updates: User base and merchant network
As of June 30, 2024, MobiKwik has 161.03 million users and supports 4.26 million merchants for online and offline transactions. By expanding into digital credit, investments, and insurance, the platform increased its value and earned a profit of Rs 14.08 crore for the fiscal year ending March 31, 2024.
Mobikwik IPO Subscription Status Live Updates: Subscription update Day 2
As of 10:51 AM IST, the Mobikwik IPO has seen a subscription rate of 9.77 times overall. In detail, the retail portion was subscribed by 35.04 times, while the Non-Institutional Investor (NII) segment received 12.44 times more applications than available shares. The Qualified Institutional Buyer (QIB) category, however, has seen minimal demand, with just 0.02 times subscribed.
Mobikwik IPO Subscription Status Live Updates: Day 1 Subscription Highlights
As Mobikwik's IPO entered its second day of bidding, the issue saw interest on Day 1, with an overall subscription of 7.80 times. Retail investors led the charge, with their category subscribed 28.59 times. The Non-Institutional Investor (NII) category followed with 9.48 times, while the Qualified Institutional Buyer (QIB) segment saw a lower subscription of 0.02 times.