Mobikwik IPO: Launch Date, Price Band, Lot Size - All You Need To Know

The initial public offering (IPO) of Mobikwik Sysytems Limited will hit the Indian markets on December 11, 2024.

What Is The Price Band For This IPO?

Mobikwik, the fintech company, has decided to fix the price band at Rs 265 to Rs 279 per equity share.

What Are The Dates For This IPO?

The subscription will remain open from December 11 to December 13.

What Is The Lot Size?

Bidders can apply in lots, and one lot of the Mobikwik IPO will comprise of 53 shares of the company.

How Much Is The Company Planning To Raise?

The company is planning to raise Rs 572 crore, which would entirely be a fresh issue of equity shares worth up to Rs 572 crore, with no offer-for sale component, as per the draft red herring prospect.

Date Of Allotment

In all likelihood, the shares of the company will be allotted on December 14. In case there is a delay, the announcement of share allotment can be expected on December 16.

IPO Registrar

The official registrar of this IPO is appointed by Link Intime India Private Limited.

Book Running Lead Managers

The book running lead managers of the offering are SBI Capital markets Limited and DAM Capital Advisors Limited.

What Is The Market Cap?

Mobikwik IPO's market capitalization is Rs 2,295.45 crore. The fintech firm's revenue grew in FY24 by approximately 59 per cent YoY and PAT rose almost 117 per cent.