Mobikwik IPO Day 3 updates: As of December 13, the IPO of One Mobikwik Systems has garnered significant interest, oversubscribing within hours. Targeting ₹572 crore at ₹265-₹279 per share, the grey market premium has surged to ₹158, reflecting a 59.14% premium over the IPO price.
Mobikwik IPO The third day of update: FinTech IPO early IPO (IPO) Mobikwik system is on the third day of the application on December 13. Mobikwik IPO will open a subscription door on December 11 and will be closed today. The open issue witnessed strong demand and was oversubscribed within hours of its opening.The company plans to raise Rs 572 crore through the issue at the higher end of the price band of Rs 265-279 per share. On the back of strong demand, Mobikwik GMP IPO price today jumped to Rs 158 per share, which represents a premium of 59.14% over the IPO price.
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Mobikwik IPO Live: Mobikwik IPO was subscribed 119.38 times last week
Mobikwik IPO Live: As per BSE data at 7 pm on Friday, Mobikwik IPO received bids for 1,417,286,992 shares against an offer size of 1.18 billion shares, which was subscribed 119.38 times on the third and final day. The portion reserved for retail investors was 134.67 times, the portion reserved for qualified institutional buyers (QIBs) was 119.50 times and the portion reserved for non-institutional investors (NIIs) was 108.95 times.
Live Mobikwik IPO: GMV, Merchants
The company has 161.03 million registered users as of June 30, 2024, and has made it possible for 4.26 million merchants to accept payments online and offline. The company's wide selection of scalable goods demonstrates its focus on expansion through innovative, cost-effective, digital-first strategies. In FY23, a RedSeer research found that it maintained one of the lowest personnel cost-to-revenue ratios among digital financial product and service platforms. Additionally, from FY2022 to FY2024, MobiKwik ZIP GMV (Disbursements) grew at an impressive annual pace of 112.16%, while its Payment GMV grew at an annual rate of 45.88%.
The company has 161.03 million registered users as of June 30, 2024, and has made it possible for 4.26 million merchants to accept payments online and offline. The company's wide selection of scalable goods demonstrates its focus on expansion through innovative, cost-effective, digital-first strategies. In FY23, a RedSeer research found that it maintained one of the lowest personnel cost-to-revenue ratios among digital financial product and service platforms. Additionally, from FY2022 to FY2024, MobiKwik ZIP GMV (Disbursements) grew at an impressive annual pace of 112.16%, while its Payment GMV grew at an annual rate of 45.88%.
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