Mobikwik IPO Anchor Allocation at 45%

Mobikwik IPO saw a significant anchor allocation response, with 45% of the total IPO size subscribed by anchor investors. Out of 20,501,793 shares on offer, anchors picked up 9,225,807 shares, demonstrating strong market confidence. The anchor allocation details were reported to the stock exchanges on December 10, 2024, just ahead of the IPO opening on December 11, 2024.

The book-built issue of ₹572.00 crores comprises a fresh issue of 20,501,793 shares aggregating to ₹572.00 crores. The price band is set at ₹265 to ₹279 per share, with a face value of ₹2 per share. This includes a share premium of ₹277 per share at the upper end of the price band.

The anchor allocation process, which took place on December 10, 2024, saw strong participation from institutional investors. The entire anchor allocation was made at the upper end of the price band, ₹279 per share, indicating robust demand and confidence in the company's prospects.

After the anchor allocation, the overall allocation of the IPO looks as follows:

Notably, the 9,225,807 shares allocated to anchor investors were reduced from the original Qualified Institutional Buyers (QIB) quota. The QIB quota has been adjusted to ensure that the overall allocation to QIBs, including the anchor portion, remains within regulatory limits.

The lock-in period for anchor investors is an important aspect of the allocation. For Mobikwik IPO, the lock-in details are as follows:

• Lock-in Period (50% Shares): January 15, 2025.
• Lock-in Period (Remaining Shares): March 16, 2025.

This lock-in period ensures that anchor investors maintain their investments for a specified duration, stabilizing the stock price after listing.

Anchor Investors in Mobikwik IPO

Anchor investors are typically large institutional investors allotted shares in an IPO before it opens to the public. The anchor allocation process is a crucial part of the IPO, as it helps in price discovery and builds confidence among retail investors. The strong response from anchor investors often sets a positive tone for the public issue and can influence the overall subscription levels.

On December 10, 2024, Mobikwik IPO completed the bidding for its anchor allocation. There was a robust response as the anchor investors participated in the book-building process. A total of 9,225,807 shares were allotted to anchor investors. The allocation was done at the upper IPO price band of ₹279 per share, resulting in an overall anchor allocation of ₹257.40 crores. The anchors have already absorbed 45% of the total issue size of ₹572.00 crores, indicating strong institutional demand.

Out of the total allocation of 9,225,807 equity shares to the anchor investors, 4,927,984 equity shares (i.e., 53.42% of the total allocation) were allocated to 6 domestic mutual funds through 10 schemes.

Mobikwik IPO Key Details:

• IPO Size: ₹572.00 crores.
• Shares Allocated to Anchors: 9,225,807.
• Anchor Subscription Percentage: 45%.
• Listing Date: December 18, 2024.
• IPO Opening Date: December 11, 2024.

About One Mobikwik Systems Limited and How to Apply for Mobikwik IPO

Incorporated in March 2008, One Mobikwik Systems Limited is a fintech company providing prepaid digital wallets and online payment services. The company offers a holistic proposition by providing customers with access to a comprehensive payment ecosystem through its mobile application and website.

The company's products are broadly categorized into retail products designed for individuals and families and merchant products intended for small businesses. As of June 30, 2024, the company had 161.03 million registered users and enabled 4.26 million merchants to make and accept payments both online and offline.

From Fiscal Year 2022 to Fiscal Year 2024, the company achieved significant growth in revenue, while maintaining its focus on innovation through products like MobiKwik ZIP and Merchant Cash Advance. As of June 30, 2024, the company employed 226 technology professionals, driving its digital-first approach.