Shares of fintech company One Mobikwik Systems (Mobikwik) have given strong returns to investors. On December 24, MobiKwik shares saw a rise of 15% and closed at ₹609.15 on BSE. The shares of Mobikwik, which were listed in the market just a week ago, also touched the highest level of Rs 630. With this the market cap of the company has crossed ₹ 4700 crore.
Increase of more than 115% compared to the issue price
- Mobikwik IPO opened on 11 December and closed on 13 December.
- Issue price: ₹279 per share.
- Listing Price (Dec 18):
- ₹442.25 on BSE.
- ₹440 on NSE.
- Closing price of December 24: ₹609.15.
- Uptrend: More than 115% over the issue price.
- 52 week low: ₹439.20.
Mobikwik IPO performance
Subscription Record:
Mobikwik’s IPO was extremely popular among investors and was subscribed 125.69 times.
- Retail investors’ quota: 141.78 times.
- Non-Institutional Investors (NII): 114.7 times.
- Qualified Institutional Buyers (QIB): 125.82 times.
Promoters’ stake:
- Before IPO: 32.96%.
- Post-IPO: 25.18%.
For Retail Investors:
- Investment of 1 lot: ₹14,787.
- Investors could place bets for a maximum of 13 lots.
Reasons for the rise in Mobikwik shares
- Strong listing in the market: Continuous rise in the stock since the listing.
- Gray market premium: The shares were trading at a premium in the gray market even before listing.
- Growing demand of fintech industry: Increase in digital payments and fintech services.
- Great subscription of IPO: Huge demand in every category.
