Mobikwik IPO - Day 3 Subscription at 33.50 Times

Mobikwik's initial public offering (IPO) has concluded with exceptional investor enthusiasm, marking a significant milestone in India's fintech sector. The IPO's final day performance showcased remarkable momentum across all investor categories, with the overall subscription reaching an impressive 33.50 times by 11:57 AM on December 13, 2024, demonstrating substantial growth from its initial days and reflecting strong market confidence in the digital payments ecosystem.

Mobikwik IPO conclusion witnessed overwhelming participation across investor segments, particularly noteworthy given the competitive fintech landscape. The Retail Investors segment demonstrated extraordinary interest, reaching 93.84 times subscription, suggesting strong brand recognition and public confidence in Mobikwik's digital payment solutions. This robust retail participation is especially significant as it indicates widespread acceptance of fintech platforms among individual investors. Meanwhile, Non-Institutional Investors showed remarkable conviction with 57.38 times subscription, reflecting strong confidence from high-net-worth individuals in the company's growth prospects and business model. The Qualified Institutional Buyers concluded their participation at 1.44 times, showing measured but positive institutional interest in the company's long-term potential.

Subscription Status of Mobikwik IPO:

*As of 11:57 AM

Here are the subscription details for Mobikwik IPO as of Day 3 (13th December 2024, 11:57 AM):

Total Applications: 30,17,918

Mobikwik IPO Key Highlights:

• Overall subscription soared to 33.50 times, demonstrating exceptional investor confidence
• Retail investors led with massive 93.84 times subscription, worth ₹5,367.82 crores
• NII category showed remarkable interest at 57.38 times, worth ₹4,923.52 crores
• QIB portion improved substantially to 1.44 times
• Small NII showed impressive participation at 68.94 times
• Total bids received for 37.77 crore shares worth ₹10,537.66 crores
• Applications reached 30,17,918, showing widespread investor interest
• Final day response indicated overwhelming market confidence

Mobikwik IPO - Day 2 Subscription at 21.67 Times

Mobikwik IPO Key Highlights:

• Overall subscription reached 21.67 times, showing strong momentum
• Retail investors demonstrated growing interest with 68.88 times subscription
• NII category showed robust participation at 31.75 times
• QIB portion improved to 0.89 times
• Day two response indicated growing market enthusiasm
• Consistent improvement across investor categories
• Strong second-day momentum reflected market confidence

Mobikwik IPO - Day 1 Subscription at 7.8 Times

Mobikwik IPO Key Highlights:

• Overall subscription opened strong at 7.80 times
• Retail investors showed initial enthusiasm with 28.59 times subscription
• NII category demonstrated good interest at 9.48 times
• QIB portion started at 0.02 times
• Opening day response reflected positive market sentiment
• Strong initial retail participation indicated brand recognition
• First-day momentum suggested robust investor appetite

About One Mobikwik Systems Limited:

Incorporated in March 2008, One Mobikwik Systems Limited has established itself as a leading fintech company specializing in digital payments and financial services. The company has built a strong reputation through its comprehensive range of payment solutions and innovative financial products, serving over 161.03 million registered users and 4.26 million merchants as of June 2024.

Operating across India, the company's portfolio encompasses various services including digital wallets, payment gateway solutions, buy-now-pay-later services, and merchant solutions. Their flagship product MobiKwik ZIP contributes significantly to their revenue, along with other innovative offerings like QR payments, soundbox devices, and EDC machines.

Their competitive strengths lie in their efficient operational management of loan products, strong brand trust, technology-first approach to business, and comprehensive consumer experience. With 226 permanent employees in technology functions, the company has demonstrated strong financial performance, achieving 59% revenue growth between FY2023 and FY2024.

Highlights of the Mobikwik IPO:

• IPO type: Book Built Issue
• IPO size: ₹572.00 crores
• Fresh Issue: 2.05 crore shares
• Face value: ₹2 per share
• Price band: ₹265 to ₹279 per share
• Lot size: 53 shares
• Minimum investment for retail investors: ₹14,787
• Minimum investment for sNII: ₹207,018 (14 lots)
• Minimum investment for bNII: ₹1,005,516 (68 lots)
• Listing at: BSE, NSE
• IPO opens: December 11, 2024
• IPO closes: December 13, 2024
• Allotment date: December 16, 2024
• Refund initiation: December 17, 2024
• Credit of shares: December 17, 2024
• Listing date: December 18, 2024
• Lead Manager: SBI Capital Markets Limited and Dam Capital Advisors Ltd
• Registrar: Link Intime India Private Ltd