Mobikwik IPO Last Date Today: Check GMP, Allotment Date, Listing Date

Mobikwik, a fintech platform operating a two-sided payment network for consumers and merchants, launched its Initial Public Offering ( IPO ) on December 11. The IPO will remain open for bidding until today, December 13.

The platform offers diverse payment solutions along with financial products like digital credit, investment plans, and insurance. As per the company’s Red Herring Prospectus (RHP), Mobikwik aims to raise Rs 572 crore at the upper price band through a fresh issue of 20,501,792 equity shares.

On the final day of bidding, the IPO has garnered significant interest, with strong demand leading to oversubscription within hours of its opening.

Here’s a look at the latest updates, including the grey market premium (GMP), price band, and lot size.

Mobikwik IPO Price Band 
The IPO price band for Mobikwik’s offering is between Rs 265 and Rs 279 per equity share. The company aims to raise Rs 572 crore through a fresh issue of 20,501,792 equity shares, as outlined in the Red Herring Prospectus (RHP). Investors are eyeing this two-sided payment network platform, which connects consumers and merchants and provides various payment and financial products, including digital credit, investments, and insurance solutions.

Mobikwik IPO Lot Size
Investors can bid for a minimum of 53 shares and in multiples thereof. A single lot costs Rs 14,787 at the upper price band. Retail investors can apply for up to 13 lots, or 689 shares, for a maximum investment of Rs 2,00,000.

Mobikwik IPO GMP Price Today
According to market tracker websites, The Last Grey Market Premium (GMP) for Mobikwik's IPO is Rs 156, as of December 13, 2024,  With the price band set at Rs 279, the estimated listing price of the IPO is Rs 435 (cap price plus today's GMP). This reflects an expected percentage gain of 55.91% per share.

Mobikwik IPO Allotment and Listing Date
As per the tentative schedule, Mobikwik’s IPO is set to list on the BSE and NSE on December 18. The final allotment will be completed ahead of the listing date.

Mobikwik IPO Running Lead Bank Managers
The IPO’s anchor book features prestigious institutional investors, including Morgan Stanley, Eastspring Investments, Government Pension Fund Global, Whiteoak Capital, Ashoka India, SBI MF, Quant MF, HDFC MF, Axis MF, 360 ONE Equity Opportunity Fund, Bandhan MF, and SBI General Insurance, among others.

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