Mon Dec 09 07:48:58 UTC 2024: ## MobiKwik IPO: High GMP Fuels Investor Excitement, Listing Expected at ₹309

**Mumbai, India** – The MobiKwik Initial Public Offering (IPO) is creating a buzz in the Indian stock market, with a rising Grey Market Premium (GMP) and significant investor interest. The IPO, open from December 11th to 13th, offers a price band of ₹227-₹279 per share, with a minimum lot size of 53 shares. The total issue size is ₹572 crore, primarily earmarked for growth and working capital.

MobiKwik’s financials show improvement, with assets growing from ₹836 crore to ₹908 crore and revenue rising from ₹543 crore to ₹590 crore. While the company reported a loss of ₹128 crore in FY22, it is projected to turn a profit of ₹14 crore in FY24. Its net worth stands at ₹216 crore, and the debt-equity ratio is 0.73. Funds raised will be used to reduce debt and invest in new business verticals.

The IPO has allocated ₹57 crore worth of shares for retail investors (35%), with 15% for High Net Worth Individuals (HNIs) and 75% for Qualified Institutional Buyers (QIBs).

Currently trading at a GMP of ₹19, the anticipated listing price is around ₹309, potentially yielding a profit of up to ₹5,300 per lot. This high GMP reflects strong investor confidence in MobiKwik’s long-term growth potential in the rapidly expanding digital payments sector, despite its current loss-making status.

While the IPO presents an exciting opportunity for investors seeking exposure to the digital payments industry, potential investors are advised to thoroughly review the company’s financials and risk factors before investing and consult with a financial advisor. The information provided here is for educational purposes only and does not constitute financial advice.

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