One Mobikwik Systems made a strong market debut, listing at a 57.71% premium on the National Stock Exchange (NSE) at Rs 440, and a 58.51% premium on the Bombay Stock Exchange (BSE) at Rs 442.25, compared to its IPO (initial public offering) price. In the grey market, an unofficial where stocks are traded before listing, the Mobikwik’s shares were trading at a 57.35% premium. Furthermore, this hinted at a robust stock market debut.

Given below are the details related to the IPO of the One Mobikwik Systems:

• Mobikwik aimed to raise Rs 572 crores.
• The minimum investment requirement in the IPO was 53 shares.
• The company offered 2.05 crore shares for sale.
• IPO opened on December 11, 2024, and concluded on December 13, 2024.
• The company kept the price range for the IPO at Rs 265 to Rs 279 per share.

The company appointed SBI Capital Markets and Dam Capital Advisors as its book-running lead managers. Additionally, Link Intime India was the registrar for the issue.

Mobikwik IPO: Should You Sell Or Stay Invested?

Narendra Solanki, Head of Fundamental Research at Anand Rathi Shares, said that the company’s valuation at the upper end of the price band is steep at 155 times its FY24 earnings. He recommends subscribing to the IPO, but with a long-term perspective, suggesting that investors should be willing to hold onto the stock for an extended period.

However, several analysts suggested that investors in the IPO should consider booking profits.

It is worth noting that the One Mobikwik Systems Limited operates as a platform business, facilitating a two-way payment ecosystem that involves consumers and merchants. The company’s aim is to use technology to promote financial inclusion and provide access to financial services for India’s unprivileged communities.

(Disclaimer: This article is for informational purposes only and should not be construed as an investment advice. Prior to making an investment, conduct thorough research and consult with your financial advisor.)

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