Mobikwik Systems subscription started on Wednesday, December 11, 2024, and will close on December 13, 2024, as per the schedule. The price band is set at ₹265 to ₹279 per share with a face value of ₹2.
Mobikwik Systems IPO Subscription Status
Mobikwik Systems IPO Subscribed over 7.76x on its first day till 5.00 PM on 11th December.
- Mobikwik Systems IPO subscription QIB investors portion is 0.02 times, while NII subscribed 9.47 times and RII investors subscribed 28.39 times.
- The company has received bids for 8,74,82,966 shares against 1,12,75,986 shares on offer on the first day of subscription.
- Mobikwik SystemsIPO Subscribed over 7.76x on its first day.
About Mobikwik Systems Company
Established in 2009 and founded by Bipin Preet Singh and Upasana Taku, MobiKwik is Revolutionizing the future of finance in India as the leading digital banking platform. MobiKwik brings a large range of financial products to both consumers and merchants. Whether it’s secure payments, quick digital credit, or investment opportunities, Mobikwik offers all. Mobikwik simplifies money management, making transactions faster, smarter, and more accessible than ever before. Their motto is to become even more valuable to both new and existing customers by providing new products to their digital credit, investments, and insurance sectors. By constantly expanding their portfolio, they aim to provide various solutions for their customers while driving growth in profitability. Hence, their company made 94.78 million in profit for the past six months that ended on September 30, 2023.
Mobikwik Systems Financial Report
The company reported revenue of ₹539.47 crores in 2023 against ₹526.57 crore in 2022. The company reported a loss of ₹83.81 crores in 2023 against a loss of ₹128.16 crores in 2022.
Mobikwik Systems IPO GMP:
Mobikwik SystemsIPO GMP was ₹135 as of Wednesday, December 11th. That indicates the IPO is trading at ₹414 with ₹135 premium in the grey market against the issue price of ₹279.
