ne Mobikwik Systems IPO opens today, Mobikwik Systems IPO GMP Live Updates:The ₹572-crore One MobiKwik Systems IPO opens today and closes on December 13. Priced between ₹265-279 per share, investors can bid for a minimum of 53 shares. The IPO has allocated 75% to qualified institutional buyers, 15% to non-institutional investors, and 10% to retail investors. On Tuesday, the company raised ₹257 crore from anchor investors, including names like Morgan Stanley Investments, HDFC MF, and SBI MF. Proceeds will fund organic growth in financial services (₹150 crore), payment services (₹135 crore), R&D in AI/ML and technology (₹107 crore), and capital expenditure for payment devices (₹70.28 crore). With over 161 million registered users and 4.26 million merchants, MobiKwik’s comprehensive platform contributed to a profit of ₹14.08 crore in FY24. The IPO is managed by SBI Capital Markets and DAM Capital Advisors, with Link Intime India Private Limited as the registrar.
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- December 11, 2024 09:28
Mobikwik IPO News Live: Mobikwik Raises 257 cr from anchor investors
One MobiKwik Systems has garnered Rs 257 crore from anchor investors ahead of its initial public offering (IPO) . Foreign and domestic institutions who participated in the anchor round included Government Pension Fund (Norges Fund), Eastspring Investments, Morgan Stanley Investments, White Oak Capital, 360 One Asset & Wealth Management, HDFC Mutual Fund (MF), Axis MF, SBI MF and SBI General Insurance, according to a circular uploaded on BSE’s website.
According to the circular, MobiKwik has decided to allocate 92.26 lakh equity shares to 21 funds at Rs 279 apiece, which is also the upper end of the price band. This translates into the transaction size to Rs 257.4 crore.
The IPO is entirely a fresh issuance of equity shares worth up to Rs 572 crore with no any offer-for-sale (OFS) portion. The issue, with a price band of Rs 265-279 per share, will be open for subscription during December 11 to 13.
- December 11, 2024 08:41
IPO News Live: One MobiKwik Systems IPO opens today at ₹265-₹279 price band
The ₹572-crore initial public offering of One MobiKwik Systems opens today and closes on Friday (December 13). The price band for the offer has been determined at ₹265-279 a share. Investors can bid for a minimum of 53 shares and multiples of 53 equity shares thereafter.
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Published on December 11, 2024
