The Mobikwik IPO, issued by One Mobikwik Systems, is set to finalize its basis of allotment on December 16, 2024. This highly anticipated IPO raised ₹572 crore through a fresh share sale and witnessed significant demand, with an oversubscription of 119.38 times. Here’s everything you need to know about checking allotment status, grey market premium (GMP), and listing details.
IPO Key Details
| Particulars | Details |
|---|---|
| IPO Dates | December 11-13, 2024 |
| Price Band | ₹265-279 per share |
| Lot Size | 53 shares and multiples thereafter |
| Total Issue Size | ₹572 crore (Fresh Issue) |
| Overall Subscription | 119.38 times |
| Listing Date | December 18, 2024 |
| Stock Exchanges | BSE and NSE |
Subscription Details
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 119.50 times |
| Retail Investors | 134.67 times |
| Non-Institutional Investors (NIIs) | 3.44 times |
Grey Market Premium (GMP)
- Current GMP: ₹165-170
- Expected Listing Gains: Approximately 60%, reflecting strong investor enthusiasm.
- Trend: GMP increased from ₹150 on the last bidding day to its current levels.
About Mobikwik
Incorporated in 2009, Gurugram-based Mobikwik is a leading fintech company offering:
- Prepaid Digital Wallets: Enabling seamless online and offline transactions.
- Online Payment Services: Bill payments, money transfers, QR code scanning, and payments via UPI and Rupay credit cards.
The company leverages technological advancements to provide cost-effective and secure digital payment solutions for consumers and businesses alike.
Broker Recommendations
Positive Factors:
- Strong Track Record:
- Proven ability to attract and retain customers efficiently.
- Improving Financial Health:
- Focus on profitability with technological innovations.
- Market Opportunity:
- Positioned well in India’s growing fintech ecosystem.
Concerns:
- Regulatory Challenges:
- Potential impact of RBI regulations on digital payment providers.
- High Competition:
- Intense competition from established players with similar offerings.
- Security Risks:
- Concerns over data breaches and cybersecurity.
How to Check Allotment Status
On BSE Website:
- Visit BSE IPO Allotment Portal.
- Select Equity under “Issue Type.”
- Choose One Mobikwik Systems Limited from the dropdown.
- Enter Application Number and PAN ID.
- Click “I am not a Robot” and hit Search.
On Link Intime Website:
- Visit Link Intime IPO Status Portal.
- Select the IPO from the dropdown.
- Enter your Application Number, Demat Account Number, or PAN ID.
- Choose ASBA or non-ASBA under “Application Type.”
- Fill in the captcha and click Submit.
Financial Highlights
| Period | Net Profit (₹ crore) | Revenue (₹ crore) |
|---|---|---|
| FY24 (March 2024) | ₹52.45 | ₹935.21 |
| Q1 FY25 (June 2024) | ₹15.67 | ₹242.13 |
Mobikwik has shown consistent financial growth while focusing on expanding its digital payment ecosystem.
Important Dates
| Event | Date |
|---|---|
| Allotment Finalization | December 16, 2024 |
| Fund Debits/Unblocking | December 17, 2024 |
| Listing Date | December 18, 2024 |
Conclusion
The Mobikwik IPO has witnessed an overwhelming response, driven by its strong growth trajectory and technological prowess in the fintech space. With robust GMP trends and impressive subscription numbers, the IPO is expected to deliver significant listing gains. Investors should monitor allotment updates and prepare for the listing on December 18, 2024.
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Disclaimer
This article is for informational purposes only and does not constitute financial advice. Please consult a financial advisor before making investment decisions.