Returns of more than 115%, market cap crosses Rs 4700 crore

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

1. Strong listing in the market: Continuous rise in the stock since the listing.
2. Gray market premium: The shares were trading at a premium in the gray market even before listing.
3. Growing demand of fintech industry: Increase in digital payments and fintech services.
4. Great subscription of IPO: Huge demand in every category.