The MobiKwik IPO listing date is drawing near, and excitement is in the air for investors. Shares of One MobiKwik Systems (MobiKwik), a leading digital payment services provider, are set to debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wednesday, December 18, at 10 a.m. With a whopping subscription of 119.38 times, this IPO has caught everyone’s attention. Let’s break down everything you need to know about the MobiKwik IPO in a simple, engaging way.
What You Need to Know About the Subscription
The MobiKwik IPO was nothing short of a blockbuster. It received bids for an incredible 141.72 crore shares compared to the 1.18 crore equity shares offered. That’s huge! Here’s a closer look at how different investor categories responded:
- Retail Investors: This category oversubscribed by a massive 134.67 times.
- Non-Institutional Investors (NIIs): Subscribed 108.95 times.
- Qualified Institutional Buyers (QIBs): Subscribed 119.50 times.
Clearly, the demand was sky-high, making this IPO a hot ticket for investors across all categories.
MobiKwik IPO Objectives
Wondering why MobiKwik is raising money? The company aims to channel the funds into key business areas, ensuring robust growth and innovation. Here’s how they plan to use the ₹572 crore raised:
- Expanding Financial Services and Payment Business: Driving organic growth and scaling their offerings.
- Investing in R&D: Advancing their work in data, machine learning (ML), artificial intelligence (AI), and product technology.
- Upgrading Payment Devices: Allocating funds for capital expenditures in this area.
- Corporate General Purposes: Covering day-to-day business needs.
It’s worth noting that MobiKwik had already raised ₹257 crore during its anchor round before the IPO opened to the public.
When and Where to Check the Listing
Mark your calendars for December 18! The shares will be listed on both the BSE and NSE at 10 a.m. If you’ve applied for the IPO, don’t forget to check the linkintime IPO allotment status to see if you’ve struck gold. It’s the ultimate moment for investors eagerly waiting to watch the market debut.
Financial Performance: MobiKwik’s Numbers at a Glance
Financials can tell you a lot about a company, and MobiKwik’s numbers show a remarkable turnaround:
- FY24 Net Profit: ₹14.08 crore, a big leap from the ₹83.81 crore net loss in FY23.
- Revenue Growth: Revenue climbed 62.19%, reaching ₹875 crore in FY24 compared to ₹539.47 crore in FY23.
- Q1 FY25 Performance: Revenue of ₹342.27 crore with a reduced net loss of ₹6.62 crore.
These figures reflect MobiKwik’s potential for profitability and sustained growth, which is music to the ears of investors.
Key Highlights of the MobiKwik IPO
- Price Band: ₹265 to ₹279 per share.
- Issue Size: ₹572 crore.
- Subscription Rate: Oversubscribed 119.38 times.
- Allotment Finalization Date: December 16.
- Listing Date: December 18.
The IPO Craze Continues
MobiKwik isn’t the only player making waves. If you’re an IPO enthusiast, keep an eye on other upcoming listings like Mamata Machinery, DAM Capital, and seven others set to launch this week. The IPO market is bustling with opportunities, so don’t miss out!
How to Check the LinkIntime IPO Allotment Status
If you’ve applied for the MobiKwik IPO, checking your allotment status is a breeze. Simply visit the linkintime IPO allotment status page, enter your application number or PAN details, and you’ll know if you’ve received shares. This handy tool is a go-to for many investors.
Why Investors Are Excited
So, what’s driving all the buzz around MobiKwik? Here are some reasons:
- Strong Growth Potential: With digital payments booming in India, MobiKwik is well-positioned to ride the wave.
- Turnaround in Financials: A shift from losses to profit speaks volumes about the company’s resilience.
- Innovative Approach: Their focus on AI and ML for enhancing customer experience is a game-changer.
- Market Sentiment: High subscription rates indicate strong investor confidence.
What’s Next for MobiKwik?
As MobiKwik steps into the secondary market, all eyes will be on its performance. Investors are eager to see how the shares fare and whether the company can sustain its growth momentum. If you’re considering investing, now might be the time to revisit your strategy and do your research.
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Conclusion
The MobiKwik IPO listing date is a significant milestone, not just for the company but for the entire digital payments ecosystem in India. From its overwhelming subscription to its strategic growth plans, MobiKwik has set the stage for a promising debut. Whether you’re a seasoned investor or a newbie, this IPO offers plenty to look forward to. So, get ready to check the linkintime IPO allotment status and witness the action unfold on December 18. Happy investing!
