Mobikwik share price soars 88% on debut day. Should you stay invested or book listing gains? | Stock Market News
Mobikwik share price witnessed a strong stock market debut on Wednesday, December 18, defying weak market sentiment and surpassing grey market expectations for its listing price. With an impressive subscription rate of over 119 times, the Mobikwik IPO garnered significant attention from investors.
Mobikwik share price opened at ₹442.25 on the BSE, up 58.5 per cent compared to the issue price of ₹279. The stock soon surged to the level of ₹524.90, rising as much as over 88 per cent from its issue price. Around 12:55 PM, the stock traded at ₹517.45 apiece. According to market sources, in the grey market, the stock was trading at a premium of 57 per cent on Wednesday morning.
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