Mobikwik shares made a bumper debut on the stock exchanges on Wednesday, listing at a premium of over 50%, making investors richer.
The shares of One Mobikwik Systems debuted on the BSE at Rs 442.25, marking a 58.51% premium over the issue price of Rs 279. On the NSE, the stock began trading at Rs 440, reflecting a 57.71% premium compared to the issue price.
The allotment of shares for the initial public offering (IPO) of Mobikwik Systems Limited was finalised on Monday after having witnessed strong interest from investors.
Mobikwik IPO was among the three IPOs that were open for bidding in the last week but received the most subscriptions. Mobikwik IPO bidding closed on December 13, 2024.
Mobikwik IPO saw an overall subscription of 119.38 times. Retail investors led the bidding process and the section was subscribed 134.67 times. Qualified Institutional Buyers(QIBs) section was subscribed 119.50 times, while Non Institutional Investors (NII) section received a bid of 108.95 times.
