MobiKwik IPO Allotment Status : Check Online on NSE, BSE and Link Intime

The IPO of Mobikwik, a leading financial technology company specializing in digital wallets and online payment services, was open for subscription from December 11, 2024, to December 13, 2024. The allotment of shares is likely to happen today, Monday, December 16, 2024.

MobiKwik IPO Details

The Mobikwik IPO is a book-built issue valued at ?572.00 crore, comprising exclusively a fresh issue of 2.05 crore equity shares. The IPO, priced in a range of ?265 to ?279 per share, was open for subscription from December 11, 2024, to December 13, 2024. The basis of allotment is expected to be finalized today, and the shares are tentatively scheduled to be listed on the NSE and BSE on Wednesday, December 18, 2024.

Checking the Allotment Status

Steps to Check Allotment Status on BSE

1. Visit the BSE website here.
2. Select 'Equity' in the Issue Type field.
3. Choose 'One Mobikwik Systems Ltd' from the Issue Name dropdown menu.
4. Enter your Application No. or PAN.
5. Verify by ticking 'I am not a robot' and click on 'Search'.

Steps to Check Allotment Status on NSE

1. Go to the IPO bid verification page on the NSE website here.
2. If you are a new user, you will need to register on the website.
3. After logging in, select "MobiKwik IPO" from the dropdown menu.
4. Enter the required details, such as your application number and PAN card details.
5. Click on "Get Data".

Steps to Check Allotment Status on Link Intime India

1. Visit the link.
2. From the list of available IPOs, select "MobiKwik IPO".
3. You may be required to select one of the four modes: application number, DP /Client ID, PAN, or Account number/IFSC.
4. Click on "Submit" to view your allotment status.

MobiKwik Business Overview

Established in March 2008, Mobikwik is a financial technology company specializing in digital wallets and online payment services.??

The platform offers a comprehensive suite of payment solutions, enabling users to pay utility bills such as mobile recharges, electricity, and credit card bills. It also supports transactions at online and offline merchants, including retail outlets and fuel stations.??

Mobikwik further facilitates money transfers to phone numbers, UPI IDs, or bank accounts, provides users with the ability to check their bank balances, and supports payments via QR code scanning through UPI or Rupay credit cards.??

MobiKwik IPO Day 3 Subscription Status?

(December 13, 2024, End of Day)?

On the third day of bidding, the MobiKwik IPO achieved a subscription rate of 125.69 times the total shares on offer.?

• The Non-Institutional Investors (NIIs) showed significant interest, subscribing 114.7 times their designated quota.?
• The Retail Investors segment also garnered exceptional participation, with subscriptions soaring to 141.78 times their allocation.?
• Meanwhile, the Qualified Institutional Buyers (QIBs) recorded a subscription level of 125.82 times.

Utilization of IPO Proceeds

The company plans to use the Net Proceeds for multiple objectives,?

• Including expanding its financial services and payment services operations.?
• A portion of the funds will be directed towards enhancing data capabilities, advancing machine learning and artificial intelligence technologies, and furthering product development and technological innovations.?
• Additionally, the proceeds will be utilized for capital investments in the payment devices segment and for general corporate purposes.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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