MobiKwik IPO Listing: Investors' Money Doubles Overnight As MobiKwik Shares List At 90% Premium

MobiKwik shares surged on their debut trade on December 18, listing at a premium of over 50% and climbing to over 90% in intraday day trade. On its listing day, Mobikwik shares surged to Rs 530.70 (3:13 pm) fueled by an overwhelming response during the IPO subscription. 

MobiKwik Listing 
One MobiKwik Systems Limited, the fintech company behind the platform, had set its IPO price at Rs 279. The stock opened at Rs 440 per share on the NSE , reflecting a 57.71% premium. On the BSE, the shares are listed at Rs 442.25.

MobiKwik Intraday High 
As of 3:20 PM, MobiKwik’s stock traded at Rs 530.70, up 90.22% from the issue price. On the same day, the stock has intraday high of Rs 530 and low of Rs 439.20.

About MobiKwik
One MobiKwik Systems Limited is positioned as a platform business connecting consumers and merchants through its payments network. Leveraging technology, the company seeks to drive financial inclusion, particularly for underserved communities across India.

MobiKwik IPO Details 
Retail investors showed strong interest in the IPO, which featured a minimum bid lot of 53 shares. Each lot cost Rs 14,787 at the upper price band, with a maximum retail investment limit of Rs 2 lakh for 13 lots or 689 shares. The IPO’s anchor book included renowned institutional investors such as Morgan Stanley, Eastspring Investments, and SBI General Insurance, among others.

Also Read: Mobikwik IPO Allotment Status Check Online On NSE, BSE, Registrar Website | Republic Business