The initial public offering (IPO) of Mobikwik Systems closed on 13 December after garnering a huge response from all the categories.  The Rs 572 crore IPO consisted exclusively of a fresh issue component with the price band fixed at Rs 265 to 279 per equity share.

MobiKwik Systems Limited IPO closed on Friday, December 13, 2024, with a bidding issue booked over 119.32 times. The bids were for Rs141.72 crore against Rs 1.18 crore in offer.Mobikwik IPO: Key DetailsThe IPO opened for bidding on December 11The MobiKwik IPO is a book-built issue worth Rs 572 crore.

Mobikwik IPO aims to raise ₹572 crore with a price range of ₹265 to ₹279 per share. The issue has seen strong investor interest, being subscribed 20.41 times by the second day. Retail investors can invest a minimum of ₹14,

The grey market premium (GMP) for Mobikwik's IPO surged to Rs 149 on Day 2, up from the previous day, indicating a potential 53.41% listing gain over the upper price band of Rs 279 per share.

Mobikwik, a fintech platform operating a two-sided payment network for consumers and merchants, launched its Initial Public Offering (IPO) on December 11. The IPO will remain open for bidding until today,