One MobiKwik Systems Limited’s IPO (initial public offering) ended on Friday, and investors are eagerly waiting to know if they got any shares. Furthermore, the IPO received an overwhelming response, and was subscribed 119.33 times on the final day, driven by strong demand from retail investors (134.67 times), Qualified Institutional Buyers (119.50 times), and Non-Institutional Investors (108.95 times).
MobiKwik IPO: Which Quota Boost Allotment Chances?
After the One MobiKwik Systems’ IPO was announced, many investors bought MobiKwik shares to qualify for the special shareholder allocation. Additionally, the experts believe that applying under the shareholder quota can increase your chances of getting shares. However, there is no guarantee for the same. Furthermore, as a shareholder, you have a better chance of getting shares because you can apply in multiple categories, but the final allocation still depends on how many people apply overall.
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MobiKwik IPO: Other Details
- The company planned to raise ₹572 crores from this IPO.
- Retail investors had to purchase a minimum of 53 shares.
- The company was selling 2.05 crore shares at a price of Rs 265 to Rs 279 per share.
- The company opened the issue on December 11 and closed it on December 13.
Grey Market Premium
MobiKwik’s IPO is currently trading at a premium of Rs 158 in the grey market. Additionally, the IPO is expected to list at approximately a 57% premium against the issue price range of Rs 265 to Rs 279 per share.
(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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