Mobikwik IPO Allotment Status Check Online: How To Check Allotment On NSE, BSE, Registrar Website

MobiKwik Systems Limited IPO closed on Friday, December 13, 2024, with a bidding issue booked over 119.32 times. The bids were for Rs141.72 crore against Rs 1.18 crore in offer.

Mobikwik IPO: Key Details

• The IPO opened for bidding on December 11
• The MobiKwik IPO is a book-built issue worth Rs 572 crore.
• The issue consisted entirely of a fresh issuance of 2.05 crore shares.
• The price band for the IPO was set at Rs265 to Rs279 per share.
• The minimum lot size for retail investors was 53 shares, amounting to an investment of Rs14,787.
• SBI Capital Markets Limited and Dam Capital Advisors Ltd (formerly IDFC Securities Ltd) are the book-running lead managers.
• The initiation of refunds and credit of shares to the Demat accounts will take place on December 17, 2024.
• The company's shares are expected to be listed in the stock market, on both the NSE and BSE on December 18, 2024.

MobiKwik IPO: Use of proceeds

MobiKwik intends to use the net proceeds from the IPO to fund the growth of its financial services and payment services business. Also, the funds will be allocated towards investment in data, AI, machine learning (ML), AND product development, and technology, as well as capital expenditure for its payment devices business, as well as general corporate purposes.

MobiKwik IPO: How To Check Allotment?

The MobiKwik IPO allotment status can be checked on BSE by following these steps:

1) Go to the official BSE website, by ing here, a form will come in front of you

2) Under ‘Issue Type’, select ‘Equity’.

3) Under ‘Issue Name’, select ‘MobiKwik Systems Ltd’ from the drop-down menu

4) Type your application number, or the Permanent Account Number (PAN).

5) on the ‘I am not a robot’ and hit the ‘Search’ option.

Your share application status will appear on your screen.

Share allotment can also be checked on the Registrar's Site by taking the following steps:

1)Visit the registrar's website, by ing here

2)Select Mobikwik IPO from the list of available issues.

3)Enter your application number, PAN, or DP/Client ID.

4) on submit to view the allotment status.

The registrar's website allows you to track your application status, and you can view whether you were allotted any shares.

If you're allotted shares, they will be credited to your Demat account, and the corresponding amount will be debited from your linked bank account.